Amazon.com (AMZN) Bounces Off Support

A scan of today's new annual high list shows Amazon.com (AMZN) near the top of the heap with a gain of more than seven percent. Regular readers of this space, however, are already well aware of the stock...

I touched on Amazon last week after video blog site Wallstrip covered the shares. In that that post I reiterated the thoughts I have been expressing since early-February.

In a nutshell, the stock has been performing but the Street remains apathetic. According to Zacks, only 5 of 16 analysts (31 percent) rank the stock with a "buy" rating. Since that early-February post, the stock has gone from 39 to 68, yet that 75% surge hasn't elicited an influx of optimism.

With Amazon.com coming off a better-than-expected earnings report and hitting a new high, you have to wonder when the Street will finally jump in...