Amazon has been steadily and resolutely pushing toward its lifetime high. Amazingly, this high was set way back in 2021, a full 34 months ago, in spite of all the company’s growth since then.
![](https://slopeofhope.com/wp-content/uploads/2024/04/AMZNUP-640x518.png)
This lumbering, multi-trillion-dollar retailer is still sporting a P/E of 62, so it’s not exactly a bar-goon.
![](https://slopeofhope.com/wp-content/uploads/2024/04/slopechart_AMZN-640x347.jpg)