Amazon.com Crosses Below its 10-day MA (AMZN)
Today, shares of Amazon.com (NASDAQ:AMZN) have fallen below their 10-day MA of $739.68 on a volume of 1.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Amazon.com share prices have moved between a 52-week high of $757.34 and a 52-week low of $414.55 and are now trading 78% above that low price at $737.20 per share. 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 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 40.3%. 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