Amazon (AMZN) Offering Possible 31.58% Return Over the Next 20 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1897.50 short put and a strike $1892.50 long put offers a potential 31.58% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1897.50 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $1892.50 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 74.49 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

AP Top Extended Financial Headlines at 5:41 a.m. EDT
Fri, 26 Apr 2019 09:41:53 +0000
Daimler, which makes armored limousines used by North Korean leader Kim Jong Un, says it has no idea where he got them and has no business dealings with the North

Amazon is furious about this negative review
Fri, 26 Apr 2019 09:38:41 +0000
It states that 78,000 reviews for tech products have been removed in the past three years, but tens of thousands of questionable positive reviews remain. Reviews are an integral part of an internet ecosystem that substitutes face-to-face familiarity with immediately accessible feedback from other buyers.

38 Stocks Besides Amazon That Have 100% Analyst Buy Ratings
Fri, 26 Apr 2019 09:30:00 +0000
Only one S&P 500 stock besides Amazon has all Buy ratings from analysts, but a further search identifies dozens more.

Amazon, Intel, Ford, Uber and First-Quarter GDP – 5 Things You Must Know
Fri, 26 Apr 2019 09:26:00 +0000
The first estimate of U.S. first-quarter GDP will be released at 8:30 a.m. ET. The solid U.S. expansion, which will hit an historic high of 10 consecutive years later this summer, however, contrasts sharply with weakening data from around the world as well as dovish signals from major central banks. The economic calendar in the U.S. on Friday also includes Consumer Sentiment for April at 10 a.m.

Why Spotify and Its Bulls May Get Eaten by Apple
Fri, 26 Apr 2019 08:37:18 +0000
Shares of the music streaming platform are not worth the risk, according to a handful of bears on the Street.

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