Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $355.00 short put and a strike $345.00 long put offers a potential 32.45% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $355.00 by expiration. The full premium credit of $2.45 would be kept by the premium seller. The risk of $7.55 would be incurred if the stock dropped below the $345.00 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 53.05 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
4 Consumer Stock Stories Suitable for Savvy Investment Shopping
Tue, 19 Nov 2013 23:50:05 GMT
Wall St. Cheat Sheet – Your Cheat Sheet to the top consumer business news: 4 Consumer Stock Stories Suitable for Savvy Investment Shopping
Amazon Launches Quickflix
Tue, 19 Nov 2013 23:40:22 GMT
noodls – 11 20 November 2013 QUICKFLIX TO STREAM ON THE NEW AMAZON KINDLE FIRE. The Amazon Kindle Fire represents the latest opportunity for Quickflix to extend its audience reach in Australia. Quickflix Limited …
Is Best Buy No Longer Amazon.com's Showroom?
Tue, 19 Nov 2013 23:16:12 GMT
Motley Fool – Best Buy shares have risen a staggering 290% over the past 52 weeks. That fact alone lends itself to the seeming success of CEO Hubert Joly's Renew Blue turnaround plan. But if you think the stock will …
Have an MBA? Now launch a company
Tue, 19 Nov 2013 22:52:15 GMT
CNBC – The website Poets & Quants has compiled its first list of the leading 100 companies started by MBAs in the last five years.
Amazon Expanding Its Own Private Label Offering to Supermarket Goods
Tue, 19 Nov 2013 22:25:14 GMT
AllThingsD – Will Amazon market these branded product lines more aggressively than it has in the past?
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