Amazon (AMZN) Offering Possible 47.06% Return Over the Next 22 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1785.00 short put and a strike $1780.00 long put offers a potential 47.06% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1785.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock dropped below the $1780.00 long put 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 up which suggests that the medium-term momentum for Amazon is bullish.

The RSI indicator is at 61.31 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

#MeToo in 2019: emboldened victims and chastened employers
Wed, 25 Dec 2019 08:19:28 +0000
in principle a $45m financial settlement with women who accused him of sexual assault. The former film producer cut a weak figure compared with the alleged rapist and aggressor depicted in a torrent of news reports over the past two years, sparking the #MeToo movement that unleashed a flood of personal stories of assault and harassment. As more victims were emboldened to take action, more companies have had to confront the issue and acknowledge deficiencies in their own internal processes.

Patti Payne's Cool Pads: 2019 favorites
Wed, 25 Dec 2019 00:11:54 +0000
Patti Payne's favorite Cool Pads of the year include Oprah's Oracs Island estate and the humble abode that belonged to Amazon founder Jeff Bezos — the place where he established the beginning of what would become the world’s largest retailer.

The hottest housing markets of 2020 are far from the coasts
Tue, 24 Dec 2019 23:56:00 +0000
Home buyers next year are expected to flock to smaller, more affordable cities, according to Realtor.com.

Amazon (AMZN) Dips More Than Broader Markets: What You Should Know
Tue, 24 Dec 2019 22:45:10 +0000
Amazon (AMZN) closed at $1,789.21 in the latest trading session, marking a -0.21% move from the prior day.

Breakout Stocks & Technical Analysis
Tue, 24 Dec 2019 18:25:00 +0000
Get alerts to potential breakout stocks, along with technical analysis of the stock charts to see the best time to buy and what telltale signs to look for.

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