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Shares of Amazon.com Under Pressure, Down 1.9%

Published on Mon, 01/28/2013 - 11:25
By Adrienne Chilton

Amazon.com (NASDAQ:AMZN) is one of today's biggest movers, down 1.9% to $278.66. The Dow Jones Industrial Average is now trading fractionally lower to 13,887 and the S&P is trading fractionally lower to 1,500.

Amazon.com (NASDAQ:AMZN) has potential upside of 4.8% based on a current price of $278.66 and analysts' consensus price target of $292.15. The stock should discover initial support at its 50-day moving average (MA) of $253.84 and subsequent support at its 200-day MA of $235.62.

Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company's 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 have traded between a low of $172.00 and a high of $284.72 and are now at $278.66, which is 62% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.7%.

By Adrienne Chilton
achilton@fnno.com