Amazon (AMZN) Offering Possible 26.58% Return Over the Next 13 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $970.00 short call and a strike $975.00 long call offers a potential 26.58% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $970.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock rose above the $975.00 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 50.33 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

Get Prime Day Deals Even Faster: Free Two-Hour Delivery on Hundreds of Exclusive Deals Through Prime Now
Fri, 07 Jul 2017 10:00:00 +0000
– Prime Now, Amazon’s fastest delivery method yet, has exclusive deals and offers available for free two-hour delivery to celebrate Prime Day. Prime members in more than 30 cities in the U.S.

S&P 500 Cracks As Tesla Dives, GE Breaks Down, FANGs Skid: Week In Review
Fri, 07 Jul 2017 09:38:25 +0000
The S&P 500 and Nasdaq fell further as central bankers hinted at balance sheet moves. Tesla plunged on a variety of news, while auto sales hit a 2017 low.

In the land of Bollywood, Amazon hopes to strike gold with new original series
Fri, 07 Jul 2017 07:15:17 +0000
Amazon Prime Video is looking to cash in on India's two biggest loves: Bollywood and cricket.

[$$] This Dish Could Be Costly, Even for Amazon
Fri, 07 Jul 2017 05:09:28 +0000
Dish Network has a lot to gain from an alliance with Amazon.com as it faces a government deadline to develop its wireless airwaves. For Amazon, the benefits are less clear and could be costly.

[$$] Amazon and Dish Network: A Match in the Making?
Fri, 07 Jul 2017 05:08:46 +0000
For years, Dish Network has sought out partnerships with just about every major telecom company. Now, a somewhat surprising potential partner has emerged: Amazon.com.

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