Amazon (AMZN) NewsBite - AMZN Hits 52-Week High

Posted: Wednesday, November 11, 2009 12:19 PM EDT
By: Market Intelligence Center Staff





Amazon (NasdaqNM: AMZN) hit a new 52-Week high of $131.31 so far today. Currently the stock is down $0.83 (-0.64%) to $129.32 on 3,983,912 shares traded. Today's high is up $94.64 from a 52-Week Low of $34.68. Amazon stock has been showing support around $124.31 and resistance in the $133.53 range. Technical indicators for the stock are neutral and S&P gives AMZN a neutral 3 STARS (out of 5) hold ranking. Amazon.com is trading slightly lower in afternoon trading after the stock rose to a new 52 week high earlier in the session. If you are looking for a hedged play on AMZN the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 95 range. [ABR-Seven Summits Strategic Investments NewsBite]



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