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Amazon.com Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Shares of Amazon.com (NASDAQ:AMZN) traded at a new 52-week high today of $773.50. So far today approximately 508,000 shares have been exchanged, as compared to an average 30-day volume of 3.9 million shares.

Based on a current price of $772.73, Amazon.com is currently 5.1% above its average consensus analyst price target of $733.03. Amazon.com shares have support at the 50-day moving average (MA) of $596.52 and additional support at the 200-day MA of $582.64.

Amazon.com share prices have moved between a 52-week high of $773.50 and a 52-week low of $414.55 and are now trading 86% above that low price at $772.73 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%.

Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company's products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.

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 45.4%. We continue to monitor AMZN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Amazon.com

Ticker(s): AMZN