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Amazon.Com Inc Rises 3.10% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Amazon.Com Inc (NASDAQ:AMZN) traded in a range yesterday that spanned from a low of $1,457.02 to a high of $1,486.82. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $1,459.78 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Amazon.Com Inc has traded in a range of $710.10 to $1617.54 and is now at $1481.16, 109% above that low. The 200-day and 50-day moving averages have moved 0% lower and 0% lower over the past week, respectively.

Keywords: rebounders amazon.com inc

Ticker(s): AMZN