Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $765.00 short put and a strike $760.00 long put offers a potential 47.06% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $765.00 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 $760.00 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 52.74 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
Money-Saving Hacks for Amazon Shoppers
Sun, 28 Aug 2016 13:46:02 GMT
[$$] Amazon nears launch for music streaming service
Sun, 28 Aug 2016 12:19:36 GMT
Financial Times – Amazon is nearing deals with the world's largest record labels to launch a subscription music streaming service as soon as next month, according to two people familiar with the matter. Pandora is also …
Facebook has finally made its move against one of Amazon's biggest properties
Sun, 28 Aug 2016 12:06:45 GMT
Business Insider – Say what you will about people watching other people play video games live. The numbers don't lie…
Time to Shift Your Focus
Sun, 28 Aug 2016 11:07:40 GMT
Wal-Mart's $3.3 Billion Buy Can't Counter Amazon's Greatest Strength
Sun, 28 Aug 2016 00:01:00 GMT
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