Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $315.00 short put and a strike $305.00 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 $315.00 by expiration. The full premium credit of $2.60 would be kept by the premium seller. The risk of $7.40 would be incurred if the stock dropped below the $305.00 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 73.14 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
Move Loot co-founders power start-up's growth
Tue, 18 Nov 2014 01:29:21 GMT
USA TODAY – Move Loot's record shows start-ups sometimes benefit from a large team of co-founders.
JD.com Q3 Tops Estimates But Outlook Fails To Excite
Mon, 17 Nov 2014 23:16:00 GMT
Why Amazon keeps cutting prices for consumer goods
Mon, 17 Nov 2014 22:15:35 GMT
US STOCKS SNAPSHOT-S&P 500 ends at record on M&A activity
Mon, 17 Nov 2014 21:03:55 GMT
Amazon (AMZN) Continues to Gain on Hachette e-Book Deal
Mon, 17 Nov 2014 20:30:25 GMT
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