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

By James Quinn

Today, shares of Amazon.Com Inc (NASDAQ:AMZN) have fallen below their 10-day MA of $1883.28 on a volume of 1.3 million 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 Inc has traded in a range of $931.75 to $1925.00 and is now at $1866.24, 100% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Amazon.Com Inc on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1,518.96. Since that recommendation, shares of Amazon.Com Inc have risen 24.2%. 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 inc

Ticker(s): AMZN