Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $840.00 short put and a strike $835.00 long put offers a potential 23.46% 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 $840.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $835.00 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 above 80 which suggests that the stock is in overbought territory.
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
It’s About “Thyme”: Prime Now in Indianapolis Introduces Delivery from Fresh Thyme Farmer’s Market
Thu, 06 Oct 2016 10:00:00 GMT
Business Wire – – Amazon today announced Prime Now has added superfast delivery from Fresh Thyme Farmer’s Market. Prime members in Indianapolis can now shop for fresh-from-the-farm and locally grown groceries from Fresh Thyme Farmer’s Market and have those items conveniently delivered right to their door in one-or two-hours.
Wal-Mart's next move against Amazon: More warehouses, faster shipping
Thu, 06 Oct 2016 09:16:30 GMT
Wal-Mart's next move against Amazon: More warehouses, faster shipping
Thu, 06 Oct 2016 08:37:23 GMT
Wal-Mart's next move against Amazon: More warehouses, faster shipping
Thu, 06 Oct 2016 08:37:23 GMT
Blue Origin Conducts Successful Escape Test for New Shepard (AMZN)
Thu, 06 Oct 2016 08:33:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook