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Watch for Amazon.Com Inc to Potentially Pullback After Gaining 1.44% Yesterday

By David Diaz

Amazon.Com Inc (NASDAQ:AMZN) traded in a range yesterday that spanned from a low of $1,736.18 to a high of $1,745.41. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $1,738.09 on volume of 1.4 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.

In the past 52 weeks, shares of Amazon.Com Inc have traded between a low of $1307.00 and a high of $2035.80 and are now at $1744.99, which is 34% above that low price. The 200-day and 50-day moving averages have moved 0.34% higher and 0.82% lower over the past week, respectively.

Keywords: rebounders amazon.com inc

Ticker(s): AMZN