Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $535.00 short put and a strike $530.00 long put offers a potential 33.33% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $535.00 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 dropped below the $530.00 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 46.59 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
Netflix Now Available In-Flight on Virgin America Airlines
Mon, 12 Oct 2015 11:06:56 GMT
Microsoft Wows With Hardware And The Karma Police
Mon, 12 Oct 2015 05:12:00 GMT
This Tech Hedge Fund Manager’s Stock Picks Got Blasted In Q3
Sun, 11 Oct 2015 14:17:01 GMT
Sunday links: don’t be the market’s b*tch
Sun, 11 Oct 2015 14:11:36 GMT
Watershed moment for female fund employees
Sun, 11 Oct 2015 01:29:25 GMT
Financial Times – Columbia Threadneedle has become the first fund company to voluntarily disclose the gender breakdown of its workforce in a sign that the investment industry is heeding the example of technology giants …
Related Posts
Also on Market Tamer…
Follow Us on Facebook