Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $992.50 short put and a strike $987.50 long put offers a potential 31.58% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $992.50 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $987.50 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 71.17 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
Will Amazon Eat the World or Will It Be Eaten?
Wed, 31 May 2017 09:44:00 +0000
Experts disagree on Amazon's future. Start-up founder Zack Kanter says Amazon is unstoppable because it builds every part of its business with a with a service-oriented architecture. Former Amazon logistics manager Brittain Ladd says the company will face fierce competition globally.
The dirty secret Wall Street tries to hide as it keeps raising stock-price targets
Wed, 31 May 2017 09:05:44 +0000
Nigam Arora explains the factors that could be inflating those levels.
Amazon is the Anti-Trump Stock: Cramer's ‘Mad Money' Recap (Tuesday 5/30/17)
Wed, 31 May 2017 00:21:00 +0000
With Washington looking farther than ever from passing tax reform, what should investors do?
Amazon's Stock Finally Rockets to $1,000 a share — Next Up Is $1 Trillion Market Cap!
Wed, 31 May 2017 00:00:00 +0000
Amazon is unstoppable.
'We just like non-US better now'
Tue, 30 May 2017 23:56:00 +0000
There's easier money to be made outside of the U.S. as political risks recede and fundamentals improve, says Mark Eibel, Russell Investments.
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