Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $837.50 short put and a strike $832.50 long put offers a potential 33.33% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $837.50 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock dropped below the $832.50 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 above 80 which suggests that the stock is in overbought territory.
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
[$$] Wal-Mart: What Will It Cost to Compete With Amazon?
Fri, 07 Oct 2016 04:12:53 GMT
The Wall Street Journal – Investors will want proof that Wal-Mart’s spending on its new e-commerce strategy is having the needed effect.
Amazon's Cloud Dominance Is Leading Smaller Rivals to Face the Music
Thu, 06 Oct 2016 23:45:00 GMT
AT&T Strikes Cloud Partnerships With AWS, IBM
Thu, 06 Oct 2016 23:30:37 GMT
AT&T Joins Amazon in Cloud Partnership (T, AMZN)
Thu, 06 Oct 2016 23:01:00 GMT
Investopedia – The U.S. telecommunications conglomerate will link its private network service with AWS shortly after securing another cloud deal yesterday with IBM.
Why Amazon Continues to Lead Cloud Space
Thu, 06 Oct 2016 22:27:17 GMT
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