Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $342.50 short put and a strike $337.50 long put offers a potential 23.15% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $342.50 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock dropped below the $337.50 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 67.63 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
Alibaba Is Bet on Global Internet: Derrick
Mon, 08 Sep 2014 09:06:08 GMT
Building a giant? Rocket bets big on new online markets
Mon, 08 Sep 2014 06:30:00 GMT
Alibaba Takes to the Road
Sun, 07 Sep 2014 21:32:18 GMT
Amazon in talks to sell Fire phone exclusively through O2 in UK
Sun, 07 Sep 2014 15:39:32 GMT
Financial Times – Amazon is in advanced talks to sell its new Fire phone exclusively through Telefónica's O2 in the UK, as it challenges the dominance of Apple and Samsung in the premium smartphone market. Launched this …
Wal-Mart’s Online Traffic Less Than Half Amazon’s
Sun, 07 Sep 2014 14:20:04 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook