Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $962.50 short put and a strike $957.50 long put offers a potential 14.68% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $962.50 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $4.36 would be incurred if the stock dropped below the $957.50 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 44.49 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
[$$] Why Amazon’s Growth Ambitions Don’t Fit in Seattle
Mon, 11 Sep 2017 04:12:32 +0000
Amazon needs to hire thousands more software developers, and that will almost certainly be cheaper and easier in a city other than Seattle.
Atlanta likely in consideration for Amazon's $5 billion “HQ2” (Video)
Mon, 11 Sep 2017 02:53:35 +0000
Seattle Internet juggernaut Amazon.com Inc. (AMZN) is on the hunt for a second headquarters site. Dubbed “HQ2,” the more than $5 billion development will bring with it 50,000 jobs, Amazon said Thursday. “We expect HQ2 to be a full equal to our Seattle headquarters,” CEO Jeff Bezos said in a statement .
Why Amazon Is Building a Second Headquarters Worth $5.5 Billion
Mon, 11 Sep 2017 00:30:00 +0000
The tech giant may consider going bi-coastal, according to one analyst.
Roku's Future Could Be Bright — If It Can Fight Off Amazon
Mon, 11 Sep 2017 00:00:00 +0000
Roku is making good progress towards monetizing a very engaged user base. It just needs to keep Jeff Bezos' company at bay.
Does the Sell-Off in Grocery Stocks Present a Buying Opportunity for Kroger?
Sun, 10 Sep 2017 21:10:00 +0000
Weighing the pros and cons of an investment in the beleaguered grocery chain.
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