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

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1690.00 short put and a strike $1680.00 long put offers a potential 26.58% 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 $1690.00 by expiration. The full premium credit of $2.10 would be kept by the premium seller. The risk of $7.90 would be incurred if the stock dropped below the $1680.00 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 58.44 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

iRobot exec's new startup emerges after 5 years
Fri, 07 Dec 2018 10:43:02 +0000
Lexington-based Berkshire Grey wants to help other retailers compete with Amazon by automating their warehouses.

Exclusive – Amazon targets airports for checkout-free store expansion
Fri, 07 Dec 2018 06:11:54 +0000
For months, the world's largest online retailer has been expanding Amazon Go, where customers scan their smartphones at a turnstile to enter, and then cameras identify what they take from the shelves. When shoppers are finished, they simply leave the store and Amazon bills their credit cards on file. Amazon has opened seven of the stores to the public since January: in Chicago, San Francisco and its hometown Seattle, mostly catering to workers in nearby offices looking for a quick lunch.

[$$] Meet the fashion disruptors
Fri, 07 Dec 2018 05:00:26 +0000
From the Canadian tech company trying to make smart glasses look, well, smart, to the Beijing-born marketing manager who wants to fix the internet, the founders of three start-ups discuss how they’re breaking with convention. Alex Waldman and Polina Veksler launched Universal Standard, a womenswear brand that currently offers clothing in sizes ranging from a US 00 to 40, in September 2015. “We started with eight styles,” says Waldman, who was inspired to create the company after going on another fruitless search for plus-sized clothes on New York’s Fifth Avenue.

Better Long-Term Buy: Disney (DIS) vs. Netflix (NFLX) Stock
Thu, 06 Dec 2018 23:59:11 +0000
Let's see which stock, Disney (DIS) or Netflix (NFLX), looks like the better long-term buy with the streaming age upon us.

Top Computer Scientists Form European Lab Devoted to AI
Thu, 06 Dec 2018 23:40:44 +0000
The European Laboratory for Learning and Intelligent Systems, or ELLIS, will run physical laboratories and create an education program for doctoral students studying a type of AI called machine learning, while building bridges between universities and companies in the region. Siemens AG, Bayer AG and DeepMind, the London-based AI company owned by Google parent Alphabet Inc., are among companies that have pledged to support the group.

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