Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $992.50 short put and a strike $987.50 long put offers a potential 25% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $992.50 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $987.50 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 73.72 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
[$$] Frustration deepens for value investors as growth style wins big
Fri, 02 Jun 2017 04:00:36 +0000
It has been a tough, frustrating year for the loyal disciples of investment legends like Benjamin Graham and Warren Buffett. Value stocks – cheaper, out-of-favour but fundamentally solid companies – have …
The Harsh Bottom Line Is That Uber and Sears Are Still in Horrific Shape
Fri, 02 Jun 2017 00:40:00 +0000
Let's just be real here on both companies.
This Chart Perfectly Shows How Amazon Is Absolutely Embarrassing Every Single Retailer Alive
Fri, 02 Jun 2017 00:10:00 +0000
Amazon is crushing it.
Microsoft, Facebook and Google urge Trump to remain in Paris climate agreement
Thu, 01 Jun 2017 23:26:59 +0000
Microsoft, Facebook and Google are among 25 large U.S. companies urging President Donald Trump to consider the economic benefits of the Paris climate agreement before pulling out. Nearly 200 nations in the Paris agreement agreed to promote clean energy use and phase out fossil fuels, with each country submitting an individual plan. The U.S., under former President Barack Obama, pledged to reduce greenhouse gas emission 26 to 28 percent by 2025.
Cramer: Here's the Pure Play on the Closing of 4000 Stores in America
Thu, 01 Jun 2017 23:01:00 +0000
It is clear that the suffering of bricks and mortar everywhere is this company's gain.
Related Posts
Also on Market Tamer…
Follow Us on Facebook