Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1182.50 short put and a strike $1177.50 long put offers a potential 26.58% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1182.50 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 dropped below the $1177.50 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 66.38 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
[$$] Dubai Billionaire’s Tech Startup Takes On Amazon
Fri, 29 Dec 2017 06:13:47 +0000
Real-estate tycoon Mohamed Alabbar launched Noon to compete for a foothold in the Middle East’s online shopping boom. How the startup fares will provide a measure of the region’s ability to move beyond …
Bests and Bloopers From the Year in Deals
Fri, 29 Dec 2017 06:12:32 +0000
2017 was a dramatic year in the world of deals, from Amazon's surprising buy of Whole Foods to CVS's planned acquisition of Aetna to ADP's CEO declaring an “ass-whooping” over activist investor …
Will Amazon Start Paying a Dividend in 2018?
Fri, 29 Dec 2017 02:09:00 +0000
Find out whether the e-commerce giant will start rewarding its shareholders with income.
AWS engineers built a tool to keep Amazon managers on their toes in meetings
Fri, 29 Dec 2017 01:50:10 +0000
As the Amazon.com cloud team expands, Amazon Web Services has turned to a simple tool to ensure managers are prepared to present during their weekly two-hour meeting. Managers outside of Amazon who have looked to the fast-growing tech company for tips like the “two-pizza rule” (a team that can't be fed by a pair of pizzas is probably too big to get anything done) might want to take the AWS Wheel for a spin. “In the early days, we’d look at the metrics for every service team (such as Amazon S3 and Amazon EC2) every week,” AWS Open Source Content Lead Deirdré Straughan wrote in a blog post.
Outlook for Amazon in 2018
Fri, 29 Dec 2017 00:32:39 +0000
Dec.28 — James Cakmak, analyst at Monness Crespi Hardt, discusses Amazon's business strategy and his outlook for the company. He speaks on "Bloomberg Daybreak: Australia."
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