Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $310.00 short put and a strike $300.00 long put offers a potential 29.03% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $310.00 by expiration. The full premium credit of $2.25 would be kept by the premium seller. The risk of $7.75 would be incurred if the stock dropped below the $300.00 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 24.74 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
Amazon debuts mobile payment app and card reader
Wed, 13 Aug 2014 10:21:35 GMT
Amazon debuts mobile payment app and card reader
Wed, 13 Aug 2014 10:21:35 GMT
Amazon vs. Hachette: Which side should you cheer for?
Wed, 13 Aug 2014 10:01:41 GMT
Playing Candy Crush This Morning? Didn’t Think So: Opening Line
Wed, 13 Aug 2014 09:57:38 GMT
Amazon.com builds brick-and-mortar presence with card-swiping device
Wed, 13 Aug 2014 09:03:35 GMT
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