Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1182.50 short put and a strike $1177.50 long put offers a potential 21.95% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1182.50 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 $1177.50 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 60.22 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
[$$] Amazon Aims for One Box Fits All
Wed, 20 Dec 2017 10:47:37 +0000
Amazon.com Inc. is aiming to ship each order in one correctly-sized package, responding to rising costs and consumers’ concerns about the environmental impact of all that cardboard.
If you want to get rich, invest in Treasury bills, not FAANG stocks or bitcoin
Wed, 20 Dec 2017 10:08:54 +0000
Shortcuts in investing don’t exist, so buy what’s cheap and don’t chase pricey securities. By Jared Dillian.
Don't Fear Amazon, Say Backers of Revival for European Grocers
Wed, 20 Dec 2017 05:00:00 +0000
Battered by concerns over the threat posed by Amazon.com Inc. and discount competitors, Europe’s grocery stocks are finding favor with some investors on hopes for a better 2018.
What Will the Cable Business Look Like in 2018?
Wed, 20 Dec 2017 03:40:00 +0000
Cord-cutting is creating a ton of opportunity and competition.
Facebook Inc (FB), Amazon.com, Inc. (AMZN) & More: Top Five Tech Stocks Hedge Funds Like
Wed, 20 Dec 2017 02:01:03 +0000
It’s no surprise that investors like tech stocks. The NASDAQ Composite Index, which contains a lot of large tech companies has gained over 29% since the beginning of the year and analysts expect further growth in 2018 as favorable economic conditions and the new GOP tax plan that cuts the corporate tax to 21% from […]
Related Posts
Also on Market Tamer…
Follow Us on Facebook