Amazon near Key Support Area

New York, February 14th (TradersHuddle.com) - Shares of Amazon.com, Inc. (NASDAQ:AMZN) finished near calculated support at $181.76.

Current price action with, the largest online retailer closed at $185.54 has left shares at a level that needs to be monitored closely by traders wanting to start or add into a position in the stock.

Amazon's current stock range is defined by current calculated support defined at $181.76 and by the resistance level at $196.50.

The area defined as calculated support, is where we expect for buyers to likely materialize, which could provide a lift to the shares. However, this area if breached will signal participants that the stock failed to entice buyers to step in an support the stock.

Traders wanting to establish a position should pay close attention to Amazon's price action, and establish a position as close to support as possible, but only after buying materializes. Traders should understand that the resistance point at $196.50 might limit their upside, however if the stock breaks resistance, it could be a good point to add to the position.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 17,810.06 ▲91.06 (0.51%)
o S&P 500 2,063.50 ▲10.75 (0.52%)
o NASDAQ 4,712.97 ▲11.10 (0.24%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,810.06 Trade time:4:33PM EST Value change:▲91.06 (0.51%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,063.50 Trade time:4:33PM EST Value change:▲10.75 (0.52%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,712.97 Trade time:5:15PM EST Value change:▲11.10 (0.24%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.