Shares of Amazon.com Inc. rallied 2.0% in afternoon trading Thursday, putting them on track to close above its 50-day moving average (DMA), which many chart watchers view as a short-term trend tracker, for the first time since April 19. The 50-DMA came in at $114.65 on Thursday according to FactSet, the lowest reading for the trend tracker since June 4, 2020. The ecommerce and cloud giant's stock traded briefly above the 50-DMA on Wednesday intraday, but closed below it. While that's an upbeat t Read More...
Shares of Amazon.com Inc. rallied 2.0% in afternoon trading Thursday, putting them on track to close above its 50-day moving average (DMA), which many chart watchers view as a short-term trend tracker, for the first time since April 19. The 50-DMA came in at $114.65 on Thursday according to FactSet, the lowest reading for the trend tracker since June 4, 2020. The ecommerce and cloud giant’s stock traded briefly above the 50-DMA on Wednesday intraday, but closed below it. While that’s an upbeat t
Add Comment