Amazon (AMZN) Offering Possible 19.05% Return Over the Next 24 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $795.00 short put and a strike $790.00 long put offers a potential 19.05% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $795.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $790.00 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 54.73 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

More Than 50% of Shoppers Turn First to Amazon in Product Search
Tue, 27 Sep 2016 04:01:00 GMT

Job ads show Uber expanding meal deliveries in 24 countries
Mon, 26 Sep 2016 23:10:10 GMT

Job ads show Uber expanding meal deliveries in 24 countries
Mon, 26 Sep 2016 23:00:01 GMT
Reuters – UK Focus – Uber is making a broad international push into meal delivery, with fresh hiring and aggressive marketing as it prepares to take on local rivals in dozens of countries. In a sign of growing ambition beyond its taxi business, Uber is gearing up to deliver meals in Amsterdam this week just as Takeaway.com (IPO-TAAY.AS), the restaurant ordering leader in the Netherlands, lists on the Amsterdam stock market. According to job listings on Uber and other recruiting sites, UberEats, as the food delivery service is known, is hiring everyone from general managers to bike couriers, salespeople and marketing managers for launches in 24 countries.

Job ads show Uber expanding meal deliveries in 24 countries
Mon, 26 Sep 2016 23:00:01 GMT
Reuters – Uber is making a broad international push into meal delivery, with fresh hiring and aggressive marketing as it prepares to take on local rivals in dozens of countries. In a sign of growing ambition beyond its taxi business, Uber is gearing up to deliver meals in Amsterdam this week just as Takeaway.com (IPO-TAAY.AS), the restaurant ordering leader in the Netherlands, lists on the Amsterdam stock market. According to job listings on Uber and other recruiting sites, UberEats, as the food delivery service is known, is hiring everyone from general managers to bike couriers, salespeople and marketing managers for launches in 24 countries.

Amazon primed to soar?
Mon, 26 Sep 2016 21:50:00 GMT

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