Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $325.00 short put and a strike $315.00 long put offers a potential 36.05% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $325.00 by expiration. The full premium credit of $2.65 would be kept by the premium seller. The risk of $7.35 would be incurred if the stock dropped below the $315.00 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 73.21 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 rumored to be preparing travel site that offers hotel bookings
Fri, 21 Nov 2014 04:10:00 GMT
Black Friday shopping predictions could prove true
Fri, 21 Nov 2014 01:55:00 GMT
Amazon to Lease Entire Manhattan Building, Hinting at Retail Ambitions
Thu, 20 Nov 2014 23:44:26 GMT
The Gospel According to Alibaba's Ma: Love Amazon as Thyself
Thu, 20 Nov 2014 23:37:12 GMT
Amazon Robots Get Ready for Christmas
Thu, 20 Nov 2014 23:10:25 GMT
The Wall Street Journal – Amazon has outfitted several U.S. warehouses with squat, wheeled robots that move stocked shelves to workers and are expected to speed delivery, saving employees as much as 20 miles a day of walking.
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