Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $825.00 short call and a strike $835.00 long call offers a potential 70.94% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $825.00 by expiration. The full premium credit of $4.15 would be kept by the premium seller. The risk of $5.85 would be incurred if the stock rose above the $835.00 long call 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 down which suggests that the medium-term momentum for Amazon is bearish.
The RSI indicator is at 38.32 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
[$$] Retailers Get Early Start on Recruiting Seasonal Workers
Mon, 24 Oct 2016 09:33:06 GMT
China electronics firm to recall some U.S. products after hacking attack
Mon, 24 Oct 2016 07:52:54 GMT
Indian E-Commerce Needs the Preposterous
Mon, 24 Oct 2016 06:00:14 GMT
The Internet TV station “AbemaTV” is compatible with “Amazon Fire TV series”.
Mon, 24 Oct 2016 04:41:01 GMT
noodls – We will announce that the Internet TV station ‘AbemaTV', which is operated by AbemaTV, Inc. is compatible with ‘Amazon Fire TV Series'. … This is an abstract of the original noodl. To continue reading …
[$$] Big companies not doing enough to meet carbon goals
Mon, 24 Oct 2016 04:31:38 GMT
Financial Times – More than 900 of the world's largest companies have a plan to cut their carbon pollution but only a fraction are doing enough to meet the goals of the Paris climate change accord, according to data compiled …
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