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After Yesterday's Decline of 1.64%, Amazon.Com Inc Offers Investors Better Value

By David Diaz

Amazon.Com Inc (NASDAQ:AMZN) traded in a range yesterday that spanned from a low of $1,747.39 to a high of $1,762.70. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $1,762.71 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Amazon.Com Inc and will alert subscribers who have AMZN in their portfolio or watchlist when shares have changed trend direction.

Amazon.Com Inc share prices have moved between a 52-week high of $2035.80 and a 52-week low of $1307.00 and are now trading 35% above that low price at $1759.35 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders amazon.com inc

Ticker(s): AMZN