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Amazon.com Inc (AMZN-Q) Quote - Press Release

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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.

Write to SmarTrend at cs@mysmartrend.com

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