Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $435.00 short put and a strike $425.00 long put offers a potential 7.53% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $435.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $9.30 would be incurred if the stock dropped below the $425.00 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 61.07 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
Before you turn off Netflix like Carl Icahn, tune into this
Fri, 26 Jun 2015 10:01:35 GMT
Where Oakmark's Nygren, FPA's Romick Are Finding Value
Thu, 25 Jun 2015 23:00:00 GMT
Netflix, Others Pushing Super High-Def 4K Content
Thu, 25 Jun 2015 22:21:00 GMT
Netflix Sinks on Downgrade, Icahn Stock Sale: Micron Plunges Late on Earnings: Tech Winners & Losers
Thu, 25 Jun 2015 21:30:00 GMT
TheStreet – Netflix tumbles on downgrade and disclosure that Carl Icahn sold his holdings. Micron plunges after hours trading after reporting third-quarter earnings.
Louis Moore Bacon Buys Stakes in Signet Jewelers, Amazon.com
Thu, 25 Jun 2015 21:07:19 GMT
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