Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $300.00 short put and a strike $290.00 long put offers a potential 31.58% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $300.00 by expiration. The full premium credit of $2.40 would be kept by the premium seller. The risk of $7.60 would be incurred if the stock dropped below the $290.00 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 47.65 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
IPO Stock Watch: China's JD.com Prices High At 19
Thu, 22 May 2014 00:40:00 GMT
As Amazon looms, Flipkart and Snapdeal strike $400 million in deals
Wed, 21 May 2014 23:39:28 GMT
As Amazon looms, Flipkart and Snapdeal strike $400 million in deals
Wed, 21 May 2014 23:39:28 GMT
China's JD.com prices IPO above expectations, bodes well for Alibaba
Wed, 21 May 2014 22:59:45 GMT
Reuters – China's JD.com priced its IPO at $19 per share, exceeding the expected range and suggesting strong demand for Chinese e-commerce companies as larger rival Alibaba Group Holding Inc prepares its own highly anticipated U.S. debut. The country's second-largest e-commerce company priced its American Depositary Shares (ADS) a dollar above the higher end of a $16 to $18 indicated range, valuing the company at more than $25 billion, according to its underwriters. Investors are watching JD.com, hoping for clues as to how Wall Street will receive its much larger peer. Alibaba has filed for what some expect could be the largest initial public offering by a technology company to date.
China's JD.com Prices IPO at $19 per Share
Wed, 21 May 2014 22:47:02 GMT
Bloomberg – May 21 (Bloomberg) — Emily Chang reports on today’s top news headlines on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)
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