Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $335.00 short call and a strike $345.00 long call offers a potential 25% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $335.00 by expiration. The full premium credit of $2.00 would be kept by the premium seller. The risk of $8.00 would be incurred if the stock rose above the $345.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Amazon is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Amazon is bearish.
The RSI indicator is at 46.24 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
CNBC's “Amazon Rising” Will Premiere on Sunday, June 29th
Fri, 27 Jun 2014 13:17:32 GMT
Amazon’s Second Original Kids Series Creative Galaxy Now Available Exclusively on Prime Instant Video
Fri, 27 Jun 2014 13:00:00 GMT
Business Wire – —Amazon today announced its second original kids series, Creative Galaxy, is now available for exclusive unlimited streaming on Prime Instant Video at no additional cost to Prime members.
Amazon and Indian investment firm to help small businesses get online
Fri, 27 Jun 2014 12:43:49 GMT
Amazon and Narayana Murthy's firm to help small businesses get online
Fri, 27 Jun 2014 12:11:40 GMT
Amazon and Narayana Murthy's firm to help small businesses get online
Fri, 27 Jun 2014 12:11:40 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook