Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $515.00 short put and a strike $505.00 long put offers a potential 38.89% 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 $515.00 by expiration. The full premium credit of $2.80 would be kept by the premium seller. The risk of $7.20 would be incurred if the stock dropped below the $505.00 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 69.97 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
Toys R Us Loses Hundreds of Millions of Dollars, Again
Wed, 16 Sep 2015 10:52:52 GMT
Target’s plan to beef up its e-commerce
Wed, 16 Sep 2015 10:00:42 GMT
Big Retailers, Delivery Firms Face Struggle to Find Holiday Workers
Wed, 16 Sep 2015 04:44:43 GMT
Amazon's Bezos to Launch Rockets From Florida
Wed, 16 Sep 2015 03:50:51 GMT
Toys ‘R’ Us is hiring fewer holiday workers this year
Wed, 16 Sep 2015 02:00:17 GMT
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