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Bullish Moving Average Cross by Amazon.com (AMZN)

By James Quinn

Amazon.com (NASDAQ:AMZN) crossed over its 10-day moving average of $850.02 on a volume of 685K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Amazon.com share prices have moved between a 52-week high of $862.79 and a 52-week low of $414.55 and are now trading 106% above that low price at $853.50 per share. Over the last five market days, 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 November 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $786.70. Since that recommendation, shares of Amazon.com have risen 7.6%. 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