Amazon (AMZN) Offering Possible 38.89% Return Over the Next 37 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $770.00 short call and a strike $780.00 long call offers a potential 38.89% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $770.00 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 rose above the $780.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Amazon is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Amazon is bearish.

The RSI indicator is at 49.24 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

Offices reopen in Indian tech capital as protests wane
Wed, 14 Sep 2016 08:14:01 GMT
Reuters – Indian and foreign companies reopened offices and staff trickled back to work in the technology capital Bengaluru on Wednesday, after two days of violent protests over access to water from a river severely disrupted life in the city. Multinationals like Amazon.com, as well as Indian technology firms such as Infosys, were among major employers who had told workers to stay home on Tuesday while riot police enforced a curfew in parts of the city. “We are working today,” said Sarah Gideon, spokeswoman for Infosys.

Google's Diane Greene has a secret weapon against Amazon Web Services to win cloud customers
Wed, 14 Sep 2016 00:40:57 GMT
Business Insider – On Tuesday, Google's cloud business announced that it won Evernote as a customer…

Google's Cloud Efforts Will Require More Heavy Spending
Wed, 14 Sep 2016 00:40:00 GMT

Amazon's Echo Just Got Even Cooler Thanks to GE
Tue, 13 Sep 2016 21:10:09 GMT

Netflix Likely To Drop In Near Term, But ‘Stranger Things' Could Happen
Tue, 13 Sep 2016 20:15:45 GMT

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