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Watch for Shares of Amazon.Com Inc (AMZN) to Approach Resistance at $1821.42

By Nick Russo

Amazon.Com Inc (NASDAQ:AMZN) has opened bullishly above the pivot of $1785.60 today and has reached the first level of resistance at $1809.02. Investors may be interested in a cross of the next upside pivot targets of $1821.42 and $1857.24.

In the past 52 weeks, shares of Amazon.Com Inc have traded between a low of $931.75 and a high of $1805.37 and are now at $1804.48, which is 94% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 1.0%.

There is potential upside of 4.0% for shares of Amazon.Com Inc based on a current price of $1804.48 and an average consensus analyst price target of $1876.88. The stock should find initial support at its 50-day moving average (MA) of $1660.65 and further support at its 200-day MA of $1379.11.

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.

Keywords: pivot alerts amazon.com inc

Ticker(s): AMZN