Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $295.00 short put and a strike $285.00 long put offers a potential 24.69% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $295.00 by expiration. The full premium credit of $1.98 would be kept by the premium seller. The risk of $8.02 would be incurred if the stock dropped below the $285.00 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 47.47 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
Cramer: Too many pros walking away from Yahoo!
Thu, 22 May 2014 22:53:44 GMT
CNBC – With shares down about 5% over the past month, Cramer thinks too many investors are walking away from Yahoo! It's something he wouldn't do.
Army of robots to invade Amazon warehouses
Thu, 22 May 2014 22:13:00 GMT
Greed Can Blind An Investor To Sell Signals And Market Tops
Thu, 22 May 2014 22:04:00 GMT
JD.com valuation fair: Pro
Thu, 22 May 2014 21:50:00 GMT
Best Buy Blames Slow Sales On Device Manufacturers
Thu, 22 May 2014 21:44:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook