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Amazon.com: 52-Week High Recently Eclipsed (AMZN)

By Amy Schwartz

Amazon.com (NASDAQ:AMZN) traded at a new 52-week high today of $719.50. This new high was reached on below average trading volume as 1.5 million shares traded hands, while the average 30-day volume is approximately 3.9 million shares.

Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company's products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.

Amazon.com share prices have moved between a 52-week high of $719.50 and a 52-week low of $414.55 and are now trading 73% above that low price at $718.57 per share. The 200-day and 50-day moving averages have moved 0.65% higher and 1.65% higher over the past week, respectively.

There is potential upside of 2.0% for shares of Amazon.com based on a current price of $718.57 and an average consensus analyst price target of $733.03. Amazon.com shares have support at the 50-day moving average (MA) of $596.52 and additional support at the 200-day MA of $582.64.

SmarTrend recommended that subscribers consider buying shares of Amazon.com on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $528.43. Since that recommendation, shares of Amazon.com have risen 35.0%. We continue to monitor AMZN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Amazon.com

Ticker(s): AMZN