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Amazon.Com Inc (AMZN) Crosses Pivot Point Resistance at $1846.77

Comtex SmarTrend(R) - Fri Apr 12, 9:09AM CDT

Amazon.Com Inc (NASDAQ:AMZN) has opened bullishly above the pivot of $1844.19 today and has reached the first level of resistance at $1846.77. Should the shares continue to rise, the resistance pivots of $1851.00 and $1857.81 will be of interest.

Amazon.Com Inc share prices have moved between a 52-week high of $2050.50 and a 52-week low of $1307.00 and are now trading 41% above that low price at $1848.43 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

Potential upside of 1.5% exists for Amazon.Com Inc, based on a current level of $1848.43 and analysts' average consensus price target of $1876.88. Amazon.Com Inc shares have support at the 200-day moving average (MA) of $1739.98 and additional support at the 50-day MA of $1705.70.

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.

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