Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $325.00 short put and a strike $315.00 long put offers a potential 19.9% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $325.00 by expiration. The full premium credit of $1.66 would be kept by the premium seller. The risk of $8.34 would be incurred if the stock dropped below the $315.00 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 58.03 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
James Patterson and others debate Amazon.com
Thu, 03 Jul 2014 13:43:37 GMT
James Patterson and others debate Amazon.com
Thu, 03 Jul 2014 13:43:37 GMT
[$$] Amazon Resisting FTC on Policy Change for In-App Purchases
Thu, 03 Jul 2014 13:04:24 GMT
The Wall Street Journal – Amazon is bucking a request from the Federal Trade Commission that it tighten its policies for purchases made by children while using mobile applications.
[$$] Authors Decry Amazon Fight
Thu, 03 Jul 2014 13:04:22 GMT
The Wall Street Journal – Some big-name authors have signed an open letter attacking Amazon for its handling of negotiations over a new e-book contract with Hachette, saying they are collateral damage in the fight.
Zacks Industry Outlook Highlights: Amazon, UPS, Fedex and Macy's
Thu, 03 Jul 2014 12:15:07 GMT
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