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Look for Shares of Amazon.Com Inc to Potentially Rebound after Yesterday's 1.64% Sell Off

By Nick Russo

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.

In the past 52 weeks, Amazon.Com Inc share prices have been bracketed by a low of $1307.00 and a high of $2035.80 and are now at $1759.35, 35% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders amazon.com inc

Ticker(s): AMZN