Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $997.50 short put and a strike $992.50 long put offers a potential 36.99% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $997.50 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock dropped below the $992.50 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 48.09 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
The Absurd Idea That Amazon Should Be Broken Up As A Monopoly
Fri, 23 Jun 2017 07:27:00 +0000
At which point, why on Earth would we want to break up a company like Amazon, one that is driving that process so successfully?
10 Things Hungry Entrepreneurs Must Do to Keep Innovating
Fri, 23 Jun 2017 07:00:00 +0000
Entrepreneurs must always strive to remain at the forefront of innovation.
Amazon Has Probably Helped Destroy All 6 of These Stocks This Year
Fri, 23 Jun 2017 05:00:00 +0000
Amazon is killing it.
Apple Is Tops On the List of Big Tech Stocks You Must Sell Before the Summer Correction
Fri, 23 Jun 2017 04:30:00 +0000
Here is everyone.
[$$] Where Bezos Leads, Amazon Shareholders Blindly Follow
Fri, 23 Jun 2017 04:19:17 +0000
Few companies other than Amazon could announce a $14 billion takeover of a mature firm, give no details of why they are buying the very business model they’re trying to disrupt, and have their market value …
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