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Shares of Amazon.Com Inc Rise to a New 52-Week High

By Amy Schwartz

Shares of Amazon.Com Inc (NASDAQ:AMZN) traded at a new 52-week high today of $1769.01. This new high was reached on below average trading volume as 932,000 shares traded hands, while the average 30-day volume is approximately 3.7 million shares.

Over the past year, Amazon.Com Inc has traded in a range of $931.75 to $1769.01 and is now at $1767.34, 90% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.7%.

Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company 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.

Potential upside of 6.2% exists for Amazon.Com Inc, based on a current level of $1767.34 and analysts' average consensus price target of $1876.88. The stock should discover initial support at its 50-day moving average (MA) of $1656.37 and subsequent support at its 200-day MA of $1374.83.

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 15.5%. 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 inc

Ticker(s): AMZN