Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $315.00 short put and a strike $305.00 long put offers a potential 14.29% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $315.00 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $8.75 would be incurred if the stock dropped below the $305.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Amazon is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Amazon is bullish.
The RSI indicator is at 75.78 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Amazon
Royal Mail cuts parcels growth outlook as profit falls
Wed, 19 Nov 2014 07:53:53 GMT
A Bend in Amazon’s E-Commerce River
Wed, 19 Nov 2014 05:23:24 GMT
The Wall Street Journal – E-commerce sales now account for 6.6% of overall retail sales. But that belies online penetration in some consumer items and Amazon.com faces tougher growth hurdles.
FAA Gets Wide Drone Berth As Industry Starts Takeoff
Wed, 19 Nov 2014 00:14:00 GMT
Cramer: Does Amazon belong on your wish list?
Tue, 18 Nov 2014 23:25:53 GMT
Put Amazon in your cart?
Tue, 18 Nov 2014 23:15:00 GMT
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