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Amazon.com Crosses Below its 10-day MA (AMZN)

By David Diaz

Today, shares of Amazon.com (NASDAQ:AMZN) have crossed bearishly below their 10-day moving average of $723.43 on a volume of 808K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Amazon.com has traded in a range of $414.55 to $731.50 and is now at $721.27, 74% above that low. The 200-day and 50-day moving averages have moved 0.65% higher and 1.65% higher over the past week, respectively.

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 37.7%. 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