Amazon (AMZN) Offering Possible 17.65% Return Over the Next 6 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1662.50 short call and a strike $1667.50 long call offers a potential 17.65% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1662.50 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $1667.50 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 63.17 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

Opinion: Dear D.C. and NYC, take a cue from Seattle's playbook
Fri, 14 Dec 2018 10:00:00 +0000
As New York City and Washington, D.C., prepare for Amazon branch offices, city leaders would be wise to follow Seattle's lead

[$$] Branson says Virgin Galactic flight opens skies to space tourism
Fri, 14 Dec 2018 07:55:32 +0000
A fleet of 30 to 40 space planes carrying thousands of paying customers on brief journeys out of Earth’s atmosphere. After 14 years, Sir Richard Branson was allowing himself to dream big this week. : a test flight that took its SpaceShipTwo vehicle more than 80km above Earth, an altitude that the US considers to be the start of outer space.

[$$] Iceland’s orang-utan sends grim message on TV advertising
Fri, 14 Dec 2018 04:00:29 +0000
The most successful television commercial this Christmas did not appear on television. The No Palm Oil ad from Iceland, the UK supermarket chain, featured a loveable orang-utan forced to flee its forest because of destructive farmers. With a voiceover by actress Emma Thompson the ad certainly tugged the heartstrings, but was deemed to have breached rules regarding political advertising because it had been made by Greenpeace, the environmental group.

Amazon Is Winning the Turf War in This Critical Market
Fri, 14 Dec 2018 02:40:00 +0000
The e-commerce giant will soon be in pole position in India.

3 Top Blockchain Stocks to Watch in December
Fri, 14 Dec 2018 02:00:00 +0000
These tech titans are looking to take blockchain beyond its cryptocurrency roots.

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