Amazon (AMZN) Offering Possible 28.21% Return Over the Next 6 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1155.00 short call and a strike $1160.00 long call offers a potential 28.21% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1155.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock rose above the $1160.00 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 56.34 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

Why Amazon and Google Are Duking It Out
Fri, 08 Dec 2017 02:55:00 +0000
Two of the biggest companies in the world are trading blows on their platforms, but one has at least a little more of an edge.

Will CVS Get the Chance to Buy Aetna?
Fri, 08 Dec 2017 02:25:00 +0000
The pharmacy giant and the health insurance have little real overlap, but the combination could be viewed as harmful to consumers.

Amazon Gains Help From State AG in Marketplace Fraud Fight
Fri, 08 Dec 2017 01:49:59 +0000
Amazon.com Inc. is getting help from its home state’s attorney general to clean up fraud on its online marketplace that attracts more than 300 million global shoppers.

JPMorgan's Dimon taking customer pricing hints from Amazon
Fri, 08 Dec 2017 01:20:09 +0000
JPMorgan Chase & Co (JPM.N) expects to offer more price discounts to its banking customers who buy multiple products, similar to the way Amazon.com gives extras to its Prime subscribers, chief executive Jamie Dimon said on Thursday. Like others in the banking industry, JPMorgan gives discounts on mortgages to clients with money at the bank. Earlier this year Dimon quoted Amazon.com (AMZN.O) founder Jeff Bezos as saying “your margin is my opportunity” to show how the bank can try to take competitors' customers with better deals.

3 Ways Artificial Intelligence Can Boost Amazon’s Growth
Fri, 08 Dec 2017 01:19:00 +0000
Amazon's integration of AI across different aspects of its business will reap rich rewards in the long run.

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