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

By David Diaz

Shares of Amazon.com (NASDAQ:AMZN) traded at a new 52-week high today of $963.80. Approximately 745,000 shares have changed hands today, as compared to an average 30-day volume of 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 (NASDAQ:AMZN) is currently priced 1.8% above its average consensus analyst price target of $944.56. 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.

In the past 52 weeks, Amazon.com share prices have been bracketed by a low of $414.55 and a high of $963.80 and are now at $961.79, 132% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Amazon.com on November 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $786.70. Since that recommendation, shares of Amazon.com have risen 21.8%. 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