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Amazon.Com Inc (AMZN) Approaches New Upside Target of $1704.58

By James Quinn

Shares of Amazon.Com Inc (NASDAQ:AMZN) opened today above their pivot of $1696.59 and have already reached the first level of resistance at $1701.67. Investors may be interested in a cross of the next upside pivot targets of $1704.58 and $1712.57.

Amazon.Com Inc (NASDAQ:AMZN) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $1876.88. Amazon.Com Inc shares should first meet resistance at the 200-day moving average (MA) of $1300.60 and find additional resistance at the 50-day MA of $1560.17.

In the past 52 weeks, shares of Amazon.Com Inc have traded between the current low of $0.00 and a high of $1714.50 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.1%.

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 11.8%. We continue to monitor AMZN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts amazon.com inc

Ticker(s): AMZN