AMZN Flirting with 50-day Moving Average

By March 28, 2013 Chart Analysis No Comments

AMZN found support at $252 level and ran up and closed at $266.50 which is its 50-day moving average.

It is sitting pretty at this level and looks like it is planning to take another leg up towards $275 level.

I will watch AMZN next few days for entry via Calls. Chart shown below:

 

AMZN Flirting with 50-day Moving Average AMZN Chart March 28th 2013

AMZN Flirting with 50-day Moving Average

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