Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1600.00 short put and a strike $1595.00 long put offers a potential 35.14% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1600.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock dropped below the $1595.00 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 65.95 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
What we already know about Walmart’s plans for Flipkart
Mon, 14 May 2018 09:01:01 +0000
Walmart is going to give its new acquisition in India lots of firepower to go head-to-head against rival Amazon. The US retailer could invest an additional $3 billion into Flipkart—aside from the $16 billion it is already spending on buying it—within a year of closing the deal, it said in a filing with the US…
Macy's Recovery Parade Could End on Weak Earnings
Mon, 14 May 2018 09:00:00 +0000
Macy's, Inc. ( M) is considered America's premier mall anchor with its nearly 1,000 Macy's and Bloomingdale's stores. Macy's has been feeling the drag of losing sales to online retail behemoth Amazon.com, Inc. ( AMZN) since mid-2015. Since the week of July 17, 2015, shares of Macy's have crashed by 76% from the all-time high of $73.61 to a multi-year low if $17.41 set during the week of Nov. 10, 2017.
This portfolio manager says Amazon's valuation is 'obscen…
Mon, 14 May 2018 00:38:00 +0000
Cole Smead of Smead Capital Management says Amazon's valuation is hard to justify from "any stretch of the imagination from a historical perspective."
Walmart's Flipkart investment was 'a move they had to mak…
Mon, 14 May 2018 00:31:00 +0000
R.J. Hottovy of Morningstar says Walmart's decision to purchase a majority stake in Flipkart was needed for it to be a global player in the e-commerce space.
Post office blames U.S. government — not Amazon — for billion-dollar loss
Sun, 13 May 2018 17:18:15 +0000
The U.S. Postal Service placed most of the blame for the $1.3 billion it lost in its second fiscal quarter on “inflexible” government policy, and some of it on inflation and a decline in first-class mail, but it did not blame any of it on delivery deals made with customers, including, notably, Amazon.com Inc. Total revenue rose 1.4% to $17.50 billion, as 9.5% growth in shipping and package revenue and a 15% rise in international revenue helped offset a 2.5% drop in first-class mail and a 0.4% decline in marketing mail.
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