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Amazon.com Bearish Moving Average Crossover Alert (AMZN)

By Nick Russo

Today, shares of Amazon.com (NASDAQ:AMZN) have fallen below their 10-day MA of $850.49 on a volume of 569K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Amazon.com have traded between a low of $414.55 and a high of $860.86 and are now at $849.85, which is 105% 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 8.6%. We continue to monitor AMZN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Amazon.com

Ticker(s): AMZN