Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $335.00 short put and a strike $330.00 long put offers a potential 40.85% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $335.00 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 $330.00 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 above 80 which suggests that the stock is in overbought territory.
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 rolls out Kiva robots for holiday season onslaught
Mon, 01 Dec 2014 08:51:29 GMT
Amazon rolls out Kiva robots for holiday season onslaught
Mon, 01 Dec 2014 08:49:49 GMT
US retailers target Alibaba over sales tax ‘loophole'
Mon, 01 Dec 2014 08:49:44 GMT
Financial Times – Alibaba is taking on Amazon's habitual role as public enemy number one for traditional US retailers, as the Chinese ecommerce group is dragged into a political fight in Washington over its global ambitions. …
Amazon's new robot army is ready to ship
Mon, 01 Dec 2014 08:30:03 GMT
Amazon's new robot army is ready to ship
Mon, 01 Dec 2014 07:19:15 GMT
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