Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $325.00 short put and a strike $315.00 long put offers a potential 45.99% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $325.00 by expiration. The full premium credit of $3.15 would be kept by the premium seller. The risk of $6.85 would be incurred if the stock dropped below the $315.00 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 58.2 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
Early movers: PG, UPS, MCO, MSFT, DD, AMZN & more
Fri, 25 Oct 2013 12:02:13 GMT
CNBC – These are the stocks posting the largest moves before the bell.
US STOCKS-Futures tick up, with earnings, data in focus
Fri, 25 Oct 2013 11:56:10 GMT
US STOCKS-Futures tick up, with earnings, data in focus
Fri, 25 Oct 2013 11:56:10 GMT
Reuters – U.S. stock index futures edged up on Friday, holding near record highs, supported by results from companies such as Amazon and Microsoft. The S&P 500 closed Thursday just 0.15 percent away from its record …
The Morning Download: Microsoft Success Is More Business Process Than Inspiration
Fri, 25 Oct 2013 11:53:19 GMT
The Wall Street Journal – Good morning. Sometimes, being a fast follower works. Microsoft posted double-digit percentage increases in both revenue and profit, even as rivals such as cloud pioneer Amazon.com reported weaker results….
PG and UPS Report; September Durable Goods; Twitter’s IPO Pricing Plan
Fri, 25 Oct 2013 11:47:03 GMT
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