Amazon (AMZN) shows bullish trend with golden cross signal, experts recommend buying.

From Nasdaq: 2024-11-27 09:35:05

Amazon (AMZN) has reached a key level of support and crossed above the 20-day moving average, indicating a short-term bullish trend. The 20-day simple moving average smooths out price fluctuations and provides trend reversal signals. AMZN stock has risen 8.9% in the past four weeks and is a Zacks Rank #2 (Buy) stock with positive earnings estimate revisions.

Experts have identified 7 elite stocks, including AMZN, as the “Most Likely for Early Price Pops.” Since 1988, the Zacks Rank #1 Strong Buys list has outperformed the market with an average gain of +24.1% per year. Investors are advised to pay attention to these hand-picked stocks for potential gains.



Read more at Nasdaq: Amazon (AMZN) Just Flashed Golden Cross Signal: Do You Buy?