TagAMZN

Once in a Decade: Amazon Stock Sees Golden Cross, Bullish Indicator

Amazon stock

By CCN: In the past 30 days, Amazon's stock (AMZN) has increased from $1,500 to $1,926 year-to-date, surging by more than 28.4%. The strong momentum of AMZN led a key technical indicator called the short-term 50-day moving average to surpass a long-term 200-day moving average, flashing the infamous “golden cross.” Golden Cross Confirms Bullish Momentum for Amazon (AMZN) According to Ari Wald, the...