Amazon (AMZN) Offering Possible 21.95% Return Over the Next 28 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1175.00 short put and a strike $1170.00 long put offers a potential 21.95% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1175.00 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 dropped below the $1170.00 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 50.36 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

Year in Review 2017: Amazon sets off HQ2 frenzy
Thu, 21 Dec 2017 10:20:10 +0000
Two letters and a number, but say them to anyone in the Washington business community, and they will instantly know what you're talking about and the impact of those seemingly unconnected syllables. Regional markets, from Chicago to Atlanta to Amazon's current home, Seattle, immediately began jockeying to be on the short list for such a coveted economic development prize, one of the biggest in recent memory. Locally, counties competed with counties and cities with cities, opting to submit individual bids rather than coming together for a single, broader Washington regional bid — a decision decried by some business leaders but justified by political leaders as the need to prioritize their constituencies' interests above all.

Facebook ads that let employers target younger workers focus of U.S. lawsuit
Thu, 21 Dec 2017 08:35:50 +0000
Companies including T-Mobile US Inc (TMUS.O), Amazon.com Inc (AMZN.O) and Cox Communications Inc [COXC.UL] imposed age limits on who could see recruitment ads, limiting some only to people younger than 38, according to the lawsuit, filed in federal court in San Francisco by the Communications Workers of America. “This pattern or practice of discrimination denies job opportunities to individuals who are searching for and interested in jobs, reduces the number of older workers who apply for jobs with the offending employers and employment agencies, and depresses the number of older workers who are hired,” the complaint reads.

IMDb Announces Top 10 Indian Movies of 2017 Based on User Ratings
Thu, 21 Dec 2017 06:30:00 +0000
IMDb , the world’s most popular and authoritative source for movie, TV and celebrity content, today unveiled the Top 10 Indian Movies of 2017. IMDb uses ratings from more than 250 million monthly unique visitors to IMDb to determine this list of the highest-rated movies.

Amazon's Road to a $1 Trillion Market
Thu, 21 Dec 2017 06:10:51 +0000
Dec.21 — As we look back on 2017, Amazon stands out with several milestones met and passed. Bloomberg Intelligence is now betting Amazon is on track to being the first U.S. retailer to hit $1T worth of gross sales by 2025. Jitendra Waral explains on "Bloomberg Daybreak: Australia."

Walmart's Silicon Valley-based incubator to help it target ‘busy NYC moms'
Wed, 20 Dec 2017 22:50:19 +0000
Walmart hopes to target upscale shoppers with a little help from its Silicon Valley-based incubator. A Wal-Mart Stores subsidiary, dubbed Code Eight, is testing a personal shopping service for “busy NYC moms,” according to Recode . The service, a product of Walmart's San Bruno-based Store No. 8 incubator, allows users to make purchases and get product recommendations via text message.

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