Shares of Amazon.com Inc. AMZN, +1.87% rallied 2.0% in afternoon trading Thursday, putting them on track to close above its 50-day moving average (DMA), which many chart watchers view as a short-term trend tracker, for the first time since April 19. The 50-DMA came in at $114.65 on Thursday according to FactSet, the lowest reading for the trend tracker since June 4, 2020.