Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1897.50 short put and a strike $1892.50 long put offers a potential 40.85% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1897.50 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock dropped below the $1892.50 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 73.61 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
Is Amazon Inching Closer to Buying Kohl's?
Thu, 25 Apr 2019 09:33:00 +0000
For a number of reasons, an acquisition deal might make sense.
Don’t Blame My Toxic Masculinity for Gillette’s Woes
Thu, 25 Apr 2019 09:30:00 +0000
The days of $5 razor cartridges are fading. That’s bad news for Gillette, and for parent company Procter & Gamble.
Further reading
Thu, 25 Apr 2019 07:09:16 +0000
Elsewhere on Thursday: — How the Kleiner Perkins empire fell . — Variable interest entities in China. — Student loan cancellation . — 45 bullish Amazon analysts . — The ‘smart' candidate . — A quarter-century …
AP EXCLUSIVE: At Walmart, using AI to watch the store
Thu, 25 Apr 2019 06:58:03 +0000
LEVITTOWN, N.Y. (AP) — Inside one of Walmart's busiest Neighborhood Market grocery stores, high resolution cameras suspended from the ceiling point to a table of bananas. They can tell how ripe the bananas are from their color.
Robert Pattinson on fame, sci-fi and avoiding the Hollywood machine
Thu, 25 Apr 2019 04:00:40 +0000
Robert Pattinson has learnt a skill that movie stars need to survive: the art of creating a sense of intimacy while preserving mystique. When I meet the 32-year-old British heart-throb he goes about this …
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