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Amazon.Com Inc (AMZN) Approaches New Upside Target of $1893.83

By Shiri Gupta

Shares of Amazon.Com Inc (NASDAQ:AMZN) have bullishly opened above the pivot of $1863.76 today and have reached the first resistance level of $1883.21. Analysts will be watching for a cross of the next upside pivot targets of $1893.83 and $1923.90.

In the past 52 weeks, Amazon.Com Inc share prices have been bracketed by a low of $1307.00 and a high of $2050.50 and are now at $1890.98, 45% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Amazon.Com Inc (NASDAQ:AMZN) defies analysts with a current price ($1890.98) 0.7% above its average consensus price target of $1876.88. Amazon.Com Inc shares have support at the 50-day moving average (MA) of $1823.81 and additional support at the 200-day MA of $1754.59.

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.

Keywords: pivot alerts amazon.com inc

Ticker(s): AMZN