Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $325.00 short put and a strike $315.00 long put offers a potential 27.39% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $325.00 by expiration. The full premium credit of $2.15 would be kept by the premium seller. The risk of $7.85 would be incurred if the stock dropped below the $315.00 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 74.09 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
Don't like broken gifts? That's Bubble Wrap's biz
Sun, 23 Nov 2014 23:38:00 GMT
CNNMoney.com – More than a billion packages are expected to be shipped this holiday season. That's big business for the makers of Bubble Wrap, Sealed Air. They even wrap your Thanksgiving turkey.
This Jeff Bezos Quote Explains Amazon's Insanely Difficult Hiring Process
Sun, 23 Nov 2014 19:00:00 GMT
Business Insider – Amazon's hiring process is notoriously…
National Retail Federation CEO to banks: Breaches are your responsibility, too
Sun, 23 Nov 2014 15:00:20 GMT
Amazon plans ad-supported video streaming service – NY post
Sun, 23 Nov 2014 03:40:13 GMT
Four Voices from Ferguson, Mo., Where the Stress Is Unbearable
Fri, 21 Nov 2014 21:57:22 GMT
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