Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $305.00 short put and a strike $295.00 long put offers a potential 27.71% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $305.00 by expiration. The full premium credit of $2.17 would be kept by the premium seller. The risk of $7.83 would be incurred if the stock dropped below the $295.00 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 46.67 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
Why Amazon’s deal with HBO could help it challenge Netflix
Tue, 06 May 2014 13:00:13 GMT
Wal-Mart gets Web win over Amazon
Tue, 06 May 2014 12:49:59 GMT
Now, Tweet Your Way to Your Amazon Wishlist
Tue, 06 May 2014 12:10:15 GMT
Wall St. Cheat Sheet – Amazon released a new feature that turns Twitter into both a billboard and a platform for adding items to a user’s Amazon cart.
Square partners with inventory tracking service Stitch Labs
Tue, 06 May 2014 12:01:00 GMT
[$$] Wal-Mart Notches Web Win Against Rival Amazon
Tue, 06 May 2014 10:16:50 GMT
The Wall Street Journal – Wal-Mart finally notches a win against rival Amazon as its online sales grow faster than the online retailing giant's for the first time in a decade.
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