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Amazon.com Bullish Moving Average Crossover Alert (AMZN)

By Nick Russo

Amazon.com (NASDAQ:AMZN) shares have crossed bullishly above their 10-day moving average of $952.11 on a volume of 1.4 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, shares of Amazon.com have traded between a low of $414.55 and a high of $970.06 and are now at $958.34, which is 131% 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 20.1%. 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