Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $847.50 short call and a strike $852.50 long call offers a potential 53.85% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $847.50 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $3.25 would be incurred if the stock rose above the $852.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Amazon is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Amazon is bearish.
The RSI indicator is at 37.99 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
Prime Now Introduces One-Hour Delivery to Milwaukee
Wed, 22 Mar 2017 10:00:00 GMT
Business Wire – – Amazon today announced its Prime Now one-hour delivery service is expanding to Milwaukee. This ultra-fast delivery service, available exclusively for Prime members, provides free two-hour delivery on tens of thousands of items from milk, eggs and ice cream to diapers, Amazon devices and more.
Siri and Alexa Are Fighting to Be Your Hotel Butler
Wed, 22 Mar 2017 09:00:00 GMT
[$$] Octopus Ventures rides on AI success to raise £120m funding
Wed, 22 Mar 2017 04:01:03 GMT
Financial Times – Octopus Ventures, the 10-year-old British venture capital firm that has backed three high-profile AI start-ups acquired by US tech giants, has raised a fresh £120m tranche of funding to invest in new Artificial …
11 Best Religious/Atheist Documentaries on Netflix, Hulu, and Amazon Prime
Wed, 22 Mar 2017 00:34:59 GMT
FedEx misses on earnings, but sees higher margins ahead
Tue, 21 Mar 2017 23:51:15 GMT
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