Time for Investors to Take the Plunge on Amazon.com, Inc. (NASDAQ:AMZN)

Equity Research firms currently have a positive stance on shares of Amazon.com, Inc. (NASDAQ:AMZN). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.90. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $892.86 on a short term basis.

At the time of writing, the stock was trading at $831.96. This represents a change from the opening price of -1.06%. In terms of performance, year to date, the stock is 23.80%. The monthly stock performance comes in at 8.58%. For the quarter, shares are performing at 14.92%. Weekly performance analysis shows the equity at 4.70%.

In taking a look at technical levels, shares are trading 7.43% away from the 50 day simple moving average and 23.74% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -0.95% away from it’s 52- week high and 75.52% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Amazon.com, Inc.’s RSI stands at 71.00. In looking at volatility levels, the shares saw weekly volatility of 1.41% and 1.37% over the past month.

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