Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $912.50 short put and a strike $907.50 long put offers a potential 25% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $912.50 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 $907.50 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 61.44 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
This is ‘as good as it gets’ for Amazon, says Pacific Crest as it downgrades rating
Fri, 28 Apr 2017 09:24:32 +0000
With 84% of brokers on FactSet rating Amazon a buy, a lower rating than that seems a rare thing. But on the heels of blockbuster results, Pacific Crest analysts have spotted some concerning trends and …
As a pilot, I’ve seen up close that global companies skirting American labor rules have to be stopped
Fri, 28 Apr 2017 06:00:47 +0000
Like many Americans, I want to provide my family with the opportunity to live a better life than my own and to work toward a brighter future for my children and future generations. As a US cargo pilot, I feel honored by the role my colleagues and I play in building this future. We work…
PRESS DIGEST – Wall Street Journal – April 28
Fri, 28 Apr 2017 05:15:41 +0000
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. – Starbucks Corp missed sales expectations again in its home …
Amazon faces 'content spending war'
Fri, 28 Apr 2017 05:14:00 +0000
CNBC's Arjun Kharpal discusses Amazon's business strategy, saying that the company is facing a "content spending war" with Apple, Netflix and the like.
[$$] Tech’s Titans Go From Big to Bigger
Fri, 28 Apr 2017 04:59:32 +0000
The newfound prominence of big tech companies now can be chalked up to a few factors.
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