Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $965.00 short put and a strike $960.00 long put offers a potential 38.89% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $965.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $960.00 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 54.68 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 is actually the weakest of the big U.S. retailers, Moody’s says
Thu, 31 Aug 2017 06:50:49 +0000
Amazon.com Inc. is far from dominating the retail sector, and is actually weaker than rivals including Wal-Mart, Costco and Best Buy, according to a new Moody’s report.
Meet the $2,800 Amazon Alexa-powered robot that can order you a pizza
Thu, 31 Aug 2017 06:00:38 +0000
An Amazon Alexa-powered humanoid robot could be wheeling its way to a home near you.
[$$] Amazon’s Alexa and Microsoft’s Cortana Will Soon Be Able to Talk to Each Other
Thu, 31 Aug 2017 04:56:26 +0000
Microsoft Corp. and Amazon.com Inc., fierce rivals in cloud computing, announced plans to allow their voice-enabled digital assistants—Microsoft’s Cortana and Amazon’s Alexa—to work together later this …
[$$] A Provocative Look at the Harm From Corporate Heft
Thu, 31 Aug 2017 04:54:24 +0000
Size and scale can enable companies to reduce costs, invest in better products and compete globally. But a new study finds that a lack of competition has driven up prices, hurting U.S. growth, wages and …
[$$] Costco Stock at a Discount
Thu, 31 Aug 2017 04:54:02 +0000
One of the few ways for retailers to compete against the growing might of Amazon.com is to offer something different. Costco Wholesale does that, but the market has been unwilling of late to give it credit …
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