Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $390.00 short put and a strike $380.00 long put offers a potential 48.15% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $390.00 by expiration. The full premium credit of $3.25 would be kept by the premium seller. The risk of $6.75 would be incurred if the stock dropped below the $380.00 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 51.79 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
Amazon vs. Google: It's A War for the Shopping Search
Fri, 20 Dec 2013 03:09:59 GMT
The Wall Street Journal – In its battle with Amazon, Google is beginning to attract advertisers to its product-listing ads, which allow retailers to post photos of items with their prices, all generated when a shopper searches …
Target cyber breach hits 40 million payment cards at holiday peak
Fri, 20 Dec 2013 02:53:16 GMT
The Robots That Are Rebooting Amazon
Fri, 20 Dec 2013 01:36:54 GMT
Bloomberg – Dec. 19 (Bloomberg) –- Bain Capital Managing Director Ajay Agarwal discusses Amazon’s purchase of Kiva Systems and the robots that are helping increase production at Amazon’s fulfillment centers. He speaks …
[$$] China Online Retailers Look Abroad
Fri, 20 Dec 2013 00:27:14 GMT
The Wall Street Journal – Fierce competition in their home market, now the world's biggest, has Chinese e-commerce companies testing global waters.
Target cyber breach hits 40 million payment cards at holiday peak
Thu, 19 Dec 2013 23:38:46 GMT
Reuters – Target Corp said hackers have stolen data from up to 40 million credit and debit cards of shoppers who visited its stores during the first three weeks of the holiday season in the second-largest such breach reported by a U.S. retailer. Target, the third-largest U.S. retailer, said on Thursday that it was working with federal law enforcement and outside experts to prevent similar attacks in the future. Target did not detect the attack on its own, according to a person familiar with the investigation. The retailer was alerted its systems might have been compromised by credit card processors who had noticed a surge in fraudulent transactions involving credit cards that had been used at Target, according to the source, who was not authorized to discuss the matter.
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