Amazon.com, Inc. (AMZN) – stock is trading around $1785.66 dollars as of October, 22, 2019 and offering a possible buying price between $1772.20 – $1860.81. Let’s look at the stocks technical actions using a weekly chart.
2. After witnessing the rail road weeks back in mid July, the stock broke down and lost the 50 day moving average (DMA) support.
3. The stock, however found support at the 200 DMA, though.
4. The stock tried to rally, but hit the resistance at the 50 DMA line.
5. The stock drifted down, but this time it briefly lost the 200 DMA support line.
6. But, the recent rally sent the stock back above 50 and 200 DMAs, now.
7. The stock is offering possible buying price between $1772.20 – $1860.81, with a stop loss at $1630.42.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
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