Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1800.00 short call and a strike $1805.00 long call offers a potential 33.33% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1800.00 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 rose above the $1805.00 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 50.1 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’s Jeff Bezos would need to spend $28 million a day to avoid getting richer
Thu, 02 Aug 2018 08:47:00 +0000
The Amazon.com Inc. founder’’s net worth has ballooned, with one recent article in the Atlantic highlighting the scale of his growing riches.
Here's how virtual assistants and robotic deliveries are transforming takeout
Thu, 02 Aug 2018 07:19:00 +0000
As technology drives change in the takeout sector, small sized robots could soon be delivering hot food to your front door. Virtual assistants are also set to play a key role in the way we choose the restaurants we want to order dishes from. When it comes to food and drink, today's consumers can choose from a wide range of ingredients, restaurants and places to shop.
[$$] Until it runs, we can’t be sure what software will do
Thu, 02 Aug 2018 04:00:53 +0000
In her interesting op-ed “ Audit the algorithms that are ruling our lives ” (July 31), Cathy O’Neil asks “Is publishing algorithms a solution for all forms and uses of ?” and answers …
U.S. charges three Ukrainians in payment card hacking spree
Wed, 01 Aug 2018 23:52:57 +0000
Three Ukrainians have been arrested on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies that cost businesses tens of millions of dollars, the U.S. Justice Department said on Wednesday. U.S. prosecutors alleged that the three Ukrainians, who were arrested in Europe between January and June, are members of FIN7, a notorious cybercrime gang. Victims include the Chipotle Mexican Grill(CMG.N), Emerald Queen Hotel and Casino in Washington state, Jason's Deli, Red Robin Gourmet Burgers(RRGB.O), Sonic Drive-in and Taco John's, according to the Justice Department.
U.S. charges 3 Ukrainians in payment card hacking spree
Wed, 01 Aug 2018 23:52:06 +0000
Three Ukrainians have been arrested on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies that cost businesses tens of millions of dollars, the U.S. Justice Department said on Wednesday. U.S. prosecutors alleged that the three Ukrainians, who were arrested in Europe between January and June, are members of FIN7, a notorious cybercrime gang. Victims include the Chipotle Mexican Grill, Emerald Queen Hotel and Casino in Washington state, Jason's Deli, Red Robin Gourmet Burgers, Sonic Drive-in and Taco John's, according to the Justice Department.
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