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Watch for Amazon.Com Inc to Potentially Pullback After Gaining 3.10% Yesterday

By Nick Russo

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.

Amazon.Com Inc share prices have moved between a 52-week high of $1617.54 and a 52-week low of $710.10 and are now trading 109% above that low price at $1481.16 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders amazon.com inc

Ticker(s): AMZN