Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1157.50 short put and a strike $1152.50 long put offers a potential 33.33% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1157.50 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock dropped below the $1152.50 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 59.17 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
[$$] Kroger Rings Up Profit Gains in Fight Against Wal-Mart, Amazon
Fri, 01 Dec 2017 02:54:29 +0000
The large U.S. supermarket chain’s moves to prioritize online orders and cut food prices appear to be paying off as it battles rivals for customers.
[$$] Google May Reunite With Nest as It Takes on Amazon
Fri, 01 Dec 2017 02:53:54 +0000
Google is considering folding home-automation unit Nest into its hardware team, reversing one element of Google’s split two years ago into various businesses under holding company Alphabet.
Better Buy: Amazon.com, Inc. vs. Microsoft
Fri, 01 Dec 2017 02:31:00 +0000
Which of these mega caps is the best choice for your portfolio?
Australian delivery software startup inks Amazon, Yum deals; shares leap
Fri, 01 Dec 2017 02:13:39 +0000
An Australian software startup said it signed global deals with Amazon.com Inc and Yum! Brands Inc, sending its shares soaring and enriching its ex-footballer founders amid hopes the firm would benefit from its clients' vast reach. GetSwift Ltd, based in Melbourne city, where Amazon located its first Australian distribution warehouse, said in a short statement on Friday that it “signed a global agreement with Amazon” without offering more details. The deals, and the market's reaction to them, mark a stratospheric rise for a logistics software company which listed less than a year earlier, formed from the bones of a liquor delivery service started by three recently retired footballers.
Has Duluth Holdings' Growth Just Begun?
Fri, 01 Dec 2017 01:16:00 +0000
This online retailer of rugged workwear and gear is in the early stages of building a national brick-and-mortar presence.
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