Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $330.00 short call and a strike $335.00 long call offers a potential 40.85% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $330.00 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 rose above the $335.00 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 62.73 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
Walmart: a click away
Sun, 15 Jun 2014 17:36:40 GMT
Financial Times – What's the best way to take a traditional, bricks-and-mortar business, and build from it an innovative, digital enterprise? Walmart has a lot of bricks and mortar: 11,000 stores worldwide that add up to …
Factbox – What is net neutrality? U.S. debates once again
Sun, 15 Jun 2014 17:26:35 GMT
Mobile ‘net neutrality' faces new day of reckoning at U.S. FCC
Sun, 15 Jun 2014 15:01:35 GMT
Mobile ‘net neutrality' faces new day of reckoning at U.S. FCC
Sun, 15 Jun 2014 14:00:00 GMT
Reuters – A surge in mobile Internet usage has U.S. regulators considering whether to apply the same rules to fixed and wireless Internet traffic, and large technology firms are siding with consumer advocates to call for such a change. The Federal Communications Commission is now rewriting the so-called “net neutrality” rules, aimed at ensuring that Internet providers do not unfairly block or slow down users' access to content on the web, after their 2010 version was rejected in January by an appeals court. Consumer groups have long advocated stricter anti-blocking and anti-discrimination rules for mobile web traffic. “The distinction between wireless and wireline is certainly not the same as it was… The enforceable net neutrality rules should apply equally, whether you use the Internet on your mobile or home broadband,” said Michael Beckerman, head of the Internet Association, which represents three dozen web companies including Amazon.com and Netflix.
Labor Department Investigates Deaths at Amazon Warehouses
Sun, 15 Jun 2014 13:03:26 GMT
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