Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $655.00 short put and a strike $645.00 long put offers a potential 36.99% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $655.00 by expiration. The full premium credit of $2.70 would be kept by the premium seller. The risk of $7.30 would be incurred if the stock dropped below the $645.00 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 44.29 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
How Jeff Bezos Made $29.5 Billion in 2015
Wed, 23 Dec 2015 12:11:00 GMT
Amazon Rolls Out Array of Deals on Electronics Gear
Wed, 23 Dec 2015 12:05:51 GMT
Dec. 23 Premarket Briefing: 10 Things You Should Know
Wed, 23 Dec 2015 11:47:00 GMT
Report: Increasing strain between allies UPS and Amazon
Wed, 23 Dec 2015 10:40:11 GMT
[$$] Amazon spurs US mutual fund winners in 2015
Wed, 23 Dec 2015 10:13:51 GMT
Financial Times – The most successful US mutual fund managers of the past year have Jeff Bezos, chief executive of Amazon, to thank for their top-ranked returns. Amazon shares have more than doubled since the start of 2015, …
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