2019-5-1 18:00 |
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 head of technical analysis at Oppenheimer, an investment bank with more than $25 billion in assets under management, the golden cross confirms the likelihood of a strong upside movement form AMZN in the medium-term. Speaking to CNBC,
The post Once in a Decade: Amazon Stock Sees Golden Cross, Bullish Indicator appeared first on CCN
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