Amazon (AMZN) Offering Possible 16.62% Return Over the Next 36 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $3400.00 short call and a strike $3420.00 long call offers a potential 16.62% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $3400.00 by expiration. The full premium credit of $2.85 would be kept by the premium seller. The risk of $17.15 would be incurred if the stock rose above the $3420.00 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 32.91 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

Love Rivian Automotive? This Hot Tech Stock Could Be Just for You
Wed, 15 Dec 2021 11:10:00 +0000
Electric truck company Rivian Automotive (NASDAQ: RIVN) has been receiving a lot of love on Wall Street of late as analysts seem convinced about the company's ability to sell a truckload of vehicles beginning next year, thanks to orders from Amazon and the potential boom in the demand for electric trucks in the U.S. It's the craze around electric vehicles (EVs) that has made Rivian stock a popular investment.

Amazon (AMZN) Stock Moves -0.28%: What You Should Know
Tue, 14 Dec 2021 22:45:10 +0000
In the latest trading session, Amazon (AMZN) closed at $3,381.83, marking a -0.28% move from the previous day.

Texas startup hires away Amazon retail veteran to lead engineering division
Tue, 14 Dec 2021 22:09:39 +0000
A software developer who spent 10 years with Amazon has left to lead the engineering division at Jungle Scout, which provides analytics software for third-party Amazon sellers. Stephen Curial will be the remote-first company's first chief technology officer.

Grocery giant Kroger is ending some COVID benefits for unvaccinated individuals
Tue, 14 Dec 2021 20:18:07 +0000
Yahoo Finance's Alexis Keenan explains a new report that supermarket chain Kroger plans to remove COVID benefits for unvaccinated worker

Stocks in defensive setup ahead of Fed announcement
Tue, 14 Dec 2021 18:11:18 +0000
Yahoo Finance's Jared Blikre breaks down the notable stock dips as markets prepare to react to the Fed's course of action following their December 15 meeting.

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