Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $982.50 short put and a strike $977.50 long put offers a potential 36.99% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $982.50 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 $977.50 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 57.05 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
Will Video Advertisements Power Amazon.com, Inc. (AMZN) Stock Higher?
Wed, 11 Oct 2017 08:45:54 +0000
Amazon.com, Inc. (NASDAQ:AMZN) has done a lot over the past 20-plus years. Some are pointing to the grocery sector, where Amazon’s acquisition of Whole Foods Market, Inc. is making big waves. Others are pointing to the pharmacy sector, a huge industry that Amazon has long wanted to get into but has largely lacked the resources to do so until now (Whole Foods gives Amazon a bunch of brick-and-mortar locations).
[$$] Alibaba Sizes Up Facebook, Amazon With R&D Funding Splurge
Wed, 11 Oct 2017 08:19:02 +0000
Chinese e-commerce giant Alibaba says it will nearly triple spending on research and development, to more than $15 billion over the next three years, as it seeks to keep pace with Western rivals such as …
[$$] Jeff Wilke: The Amazon Chief Who Obsesses Over Consumers
Wed, 11 Oct 2017 07:02:29 +0000
Jeff Wilke, Amazon’s chief executive of world-wide consumer, focuses on the wants and needs of the retailer’s customers. He also is in charge of integrating Whole Foods, Amazon’s latest purchase, into …
[$$] Grocers Worry Amazon Will Sacrifice Profits to Lure Shoppers
Wed, 11 Oct 2017 07:00:57 +0000
Amazon upended book selling and other retail sectors by concentrating on market share over margins. Grocery executives expect the e-commerce giant’s Whole Foods purchase to presage a similar rush into …
Amazon’s Private-Label Brands Could Deliver a $1 Billion Profit Boost
Wed, 11 Oct 2017 06:46:06 +0000
Amazon.com Inc.’s business selling phone chargers, batteries and diaper wipes under its own brand names could become a $1 billion boon to its bottom line by 2019.
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