Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $382.50 short put and a strike $377.50 long put offers a potential 49.25% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $382.50 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $377.50 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 64.36 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
‘Ship to Cuba' option shows up on Amazon.com amid diplomatic talks
Mon, 02 Mar 2015 22:39:25 GMT
‘Ship to Cuba' option shows up on Amazon.com amid diplomatic talks
Mon, 02 Mar 2015 22:34:15 GMT
Reuters – Less than three months after U.S. and Cuban officials agreed to restore diplomatic ties, Amazon.com Inc appears to be laying the groundwork to ship packages to Cuba. A “ship to Cuba” button was seen on Monday on Amazon's website by Reuters correspondents in Havana. “Due to export controls and economic sanctions laws and regulations, we are unable to process transactions from your current location,” Amazon said in the message. There was no such option available on Amazon's site in a U.S.-based search from San Francisco.
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Mon, 02 Mar 2015 21:48:09 GMT
Amazon has a new 1-hour delivery service, and it's so convenient that it might bankrupt me
Mon, 02 Mar 2015 21:10:00 GMT
Amazon looks to broaden Twitch’s scope through music streaming
Mon, 02 Mar 2015 21:05:40 GMT
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