Recent 52-Week High Exceeded in Shares of Amazon.Com Inc (AMZN)

Published on Thu, 01/11/2018 - 11:17
By Peter Chu in 52 Week high-lows, AMZN, 52 week high/lows, amazon.com inc, nasdaq:amzn

Shares of Amazon.Com Inc (NASDAQ:AMZN) traded today at $1263.00, breaking its 52-week high. So far today approximately 577,000 shares have been exchanged, as compared to an average 30-day volume of 3.9 million shares.

Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.

In the past 52 weeks, shares of Amazon.Com Inc have traded between a low of $710.10 and a high of $1263.00 and are now at $1260.62, which is 78% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Amazon.Com Inc (NASDAQ:AMZN) is currently priced 10.7% above its average consensus analyst price target of $1125.12. The stock should find initial support at its 50-day moving average (MA) of $973.20 and further support at its 200-day MA of $857.71.

By Peter Chu
pchu@fnno.com

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