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Amazon.Com Inc (AMZN) Crosses Pivot Point Support at $1978.35

By Nick Russo

Amazon.Com Inc (NASDAQ:AMZN) has opened bearishly below the pivot of $1993.55 today and has reached the first level of support at $1978.35. Investors may be interested in a cross of the next downside pivot targets of $1966.82 and $1940.09.

In the past 52 weeks, Amazon.Com Inc share prices have been bracketed by a low of $931.75 and a high of $2050.50 and are now at $1986.12, 113% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 1.0%.

Amazon.Com Inc (NASDAQ:AMZN) defies analysts with a current price ($1986.12) 5.5% above its average consensus price target of $1876.88. Amazon.Com Inc shares have support at the 50-day moving average (MA) of $1871.42 and additional support at the 200-day MA of $1563.61.

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 31.0%. 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