Amazon.com Bearish Moving Average Crossover Alert (AMZN)
Amazon.com (NASDAQ:AMZN) shares have crossed bearishly below their 10-day moving average of $766.23 on a volume of 451K 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 $773.75 and are now at $765.15, which is 85% above that low price. Over the last five market days, 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 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 45.4%. 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