Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $330.00 short put and a strike $325.00 long put offers a potential 35.14% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $330.00 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 $325.00 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 63.72 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
Smarter consumers are dragging down retail sales
Tue, 19 Aug 2014 08:19:00 GMT
Apple-Google Rivalry Moves to Companies as Growth Slows
Tue, 19 Aug 2014 04:01:00 GMT
Amazon's first Fire phone update tackles its big interface problems
Tue, 19 Aug 2014 02:23:00 GMT
VMware CIO Vows to Improve IT Services Delivery or ‘We're Dead'
Mon, 18 Aug 2014 21:37:04 GMT
Google IPO's 10-year anniversary
Mon, 18 Aug 2014 21:36:00 GMT
CNBC – CNBC's Dominic Chu compares the performance of other tech titans to Google over the last 10 years.
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