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Amazon.Com Inc Bullish Moving Average Crossover Alert (AMZN)

By David Diaz

Today, shares of Amazon.Com Inc (NASDAQ:AMZN) have advanced above their 10-day MA of $1802.53 on a volume of 725K shares. This may provide swing traders with 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 Inc share prices have been bracketed by a low of $1307.00 and a high of $2050.50 and are now at $1825.00, 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Amazon.Com Inc on July 29th, 2019 by issuing a Downtrend alert when the shares were trading at $1,911.39. Since that call, shares of Amazon.Com Inc have fallen 5.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses amazon.com inc

Ticker(s): AMZN