Amazon.com Bullish Moving Average Crossover Alert (AMZN)
Today, shares of Amazon.com (NASDAQ:AMZN) have advanced above their 10-day MA of $822.49 on a volume of 1.3 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Amazon.com share prices have been bracketed by a low of $414.55 and a high of $847.21 and are now at $830.01, 100% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 0.6%.
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 55.0%. 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