Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $995.00 short call and a strike $1005.00 long call offers a potential 63.93% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $995.00 by expiration. The full premium credit of $3.90 would be kept by the premium seller. The risk of $6.10 would be incurred if the stock rose above the $1005.00 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 64.62 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
Here are the sites Boston pitched to Amazon for HQ2
Fri, 20 Oct 2017 08:46:45 +0000
The site's central role in the city's bid was confirmed Thursday by Boston Mayor Martin J. Walsh, but details were only released later that night. The site was considered an early front-runner for HQ2, with Massachusetts House Speaker Robert DeLeo publicly backing the site within a week of Amazon releasing its request for proposals. It is owned by Boston-based The HYM Investment Group, a real-estate development firm known for tackling complex, large-scale, mixed-use projects. “This 161-acre, shovel-ready parcel — five minutes from the airport, 10 minutes from downtown, and 30 minutes from the world’s greatest colleges and universities — provides Amazon an unmatched opportunity to build a modern campus that embodies the company’s vision and values,” Revere Mayor Brian Arrigo wrote in the bid.
Amazon’s ‘HQ2’ dance-off included a Dear John letter, a huge tax sweetener and a whole lot more
Fri, 20 Oct 2017 07:18:49 +0000
Most of the municipalities meeting Jeff Bezos and company’s stated criteria for the home of a secondary headquarters, and some falling short, have expressed at least provisional interest in attracting …
[$$] As Cities Woo Amazon to Build Second Headquarters, Incentives Are Key
Fri, 20 Oct 2017 04:39:37 +0000
Amazon’s in-house economic-development team shows how important tax-incentive deals have become to its business model and gives a window into why the company took the step of pitting cities against each …
[$$] Wal-Mart Courts Lord & Taylor For Online Challenge to Amazon
Fri, 20 Oct 2017 04:39:17 +0000
Wal-Mart Stores Inc. is near a deal to add Lord & Taylor to its website, part of a broader effort by the retail giant to build an online shopping destination that can compete with Amazon.com Inc.
[$$] US cities shower Amazon with offers of tax breaks
Fri, 20 Oct 2017 04:01:53 +0000
Is there anything that a city won't do to attract Amazon's second headquarters? As a six-week search period drew to a close, dozens of cities across the US and Canada have raised their hands, and each …
Related Posts
Also on Market Tamer…
Follow Us on Facebook