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Focus Stocks

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.

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o Dow Jones 16,643.01 ▼11.76 (-0.07%)
o S&P 500 1,988.87 ▲1.21 (0.06%)
o NASDAQ 4,828.33 ▲15.62 (0.32%)
INDEXDJX:.DJI

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Company ID [INDEXDJX:.DJI] Last trade:16,643.01 Trade time:4:55PM EDT Value change:▼11.76 (-0.07%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,988.87 Trade time:4:55PM EDT Value change:▲1.21 (0.06%)
INDEXNASDAQ:.IXIC

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Company ID [INDEXNASDAQ:.IXIC] Last trade:4,828.33 Trade time:5:15PM EDT Value change:▲15.62 (0.32%)

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