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Amazon.Com Inc Bullish Moving Average Crossover Alert (AMZN)

By James Quinn

Amazon.Com Inc (NASDAQ:AMZN) shares have crossed bullishly above their 10-day moving average of $1919.48 on a volume of 1.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Amazon.Com Inc share prices have been bracketed by a low of $1307.00 and a high of $2050.50 and are now at $1951.78, 49% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Amazon.Com Inc on March 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1,691.90. Since that recommendation, shares of Amazon.Com Inc have risen 12.3%. We continue to monitor AMZN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amazon.com inc

Ticker(s): AMZN