Amazon Shares Rise by 30%: Should You Consider AMZN as a Purchase Before Earnings?

Amazon has surged almost 30% within a matter of weeks, driving its stock closer to its historical peaks.Yet, at this moment, its shares are at their highest overbought point in over three years, which increases the possibility of a short-term decrease.With earnings scheduled to be released next Wednesday, there is potential for Amazon's stock to move in either direction.