Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1820.00 short call and a strike $1825.00 long call offers a potential 21.95% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1820.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock rose above the $1825.00 long call 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 64.24 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
India looking to compel e-commerce, social media firms to store data locally
Mon, 30 Jul 2018 09:18:47 +0000
India is considering asking e-commerce and social media firms to exclusively store customer data locally, in a move that could affect global giants that operate in the country such as Amazon, Facebook and its messaging service WhatsApp. The measures come at a time when India is seeing investments flood in from deep-pocketed foreign players, who are eager to tap into the country's e-commerce space that is forecast to become a $200 billion market in a decade. Other major e-commerce players are Amazon.com Inc's local unit and Snapdeal, backed by Japan's SoftBank.
India mulls single regulator for e-commerce sector -document
Mon, 30 Jul 2018 06:06:21 +0000
India is mulling a single legislation to address all aspects of e-commerce regulation, and it is also exploring the idea of setting up a single regulator to consider all sector-related issues, according to a draft policy document seen by Reuters. The federal government has indicated it aims to remove the legal fragmentation governing the e-commerce sector, according to the Draft National Policy Framework on e-commerce.
Tell us what you think: Which tech giant will be worth $1 trillion first?
Mon, 30 Jul 2018 05:24:00 +0000
Tech giant Apple will report quarterly earnings on Tuesday U.S. time. Other U.S. tech giants, including Amazon and Google parent Alphabet, are also close to the $1 trillion mark. The California-based company had a market capitalization of $938.7 billion as of Friday and earnings could prove to be an impetus for a move higher for the iPhone maker's stock.
Walmart discovers why the ‘last mile' is the hardest
Mon, 30 Jul 2018 05:12:25 +0000
Standing before an audience of 14,000 people last year, Walmart Inc (WMT.N) executives described a radical plan to help it fend off Amazon.com Inc (AMZN.O) and other online delivery services from stealing its customers. Walmart's own store employees would bring online orders directly to shoppers' homes after completing their usual shifts of up to nine hours on the sales floors. “Just imagine associates all over the world delivering orders to customers on their way home,” Marc Lore, head of Walmart's e-commerce operations, said at its annual meeting in June 2017.
PRESS DIGEST -Wall Street Journal – July 30
Mon, 30 Jul 2018 04:08:05 +0000
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. – Some CBS Corp directors discussed over the weekend whether …
Related Posts
Also on Market Tamer…
Follow Us on Facebook