Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1427.50 short put and a strike $1422.50 long put offers a potential 7.53% 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 $1427.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $1422.50 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 43.28 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
[$$] Some Stock Pickers Are Ready to Drop the ‘F' in FANG
Mon, 16 Apr 2018 09:43:33 +0000
Stock-picking fund managers have soured on Facebook since the social network’s revelation that millions of users’ data were compromised, with some either partially or completely abandoning their positions….
The hunt for HQ2: How a former shopping mall could become Amazon's second home
Mon, 16 Apr 2018 09:00:00 +0000
The Seattle-based e-commerce and cloud computing company's search for HQ2 comes as Montgomery County seeks to evolve and fight through weak demand.
[$$] Further reading
Mon, 16 Apr 2018 05:41:32 +0000
Elsewhere on Monday… — Alexa, a revelation for the blind — Crowd-reviewed research, a lesson — No really — you've won money — don't hang up — How Syria came to this — “Stick to your lane, ‘Bitcoin …
Question of sales tax on online purchases goes to high court
Mon, 16 Apr 2018 05:41:02 +0000
WASHINGTON (AP) — Sales Tax: $0.
Why are Walmart and Amazon desperate to buy Flipkart?
Mon, 16 Apr 2018 04:41:37 +0000
The Indian e-commerce sector seems to have turned into a battleground for two American giants. Over the recent weeks, several news reports have suggested that retail major Walmart and e-commerce behemoth Amazon are in the fray to acquire a majority stake in Bengaluru-based Flipkart. Currently, Japan’s Softbank is the largest investor in the company. Last…
Related Posts
Also on Market Tamer…
Follow Us on Facebook