Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $672.50 short put and a strike $667.50 long put offers a potential 42.86% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $672.50 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $667.50 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 51.14 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
Amazon launches restaurant delivery service in Baltimore
Thu, 03 Dec 2015 12:05:10 GMT
Amazon Introduces Restaurant Delivery on Prime Now in Baltimore
Thu, 03 Dec 2015 12:00:00 GMT
Business Wire – Amazon.com today announced that Prime Now customers in Baltimore can now enjoy one-hour delivery from local restaurants, including City Cafe, HomeSlyce, Indigma, Locust Point Steamers, Matsuri, Shiso Tavern, The Helmand, and many more local favorites.
Can Amazon Stock Hit More All-Time Highs?
Thu, 03 Dec 2015 11:37:21 GMT
China's Baidu builds empire with music, Amazon deals
Thu, 03 Dec 2015 10:36:25 GMT
Online sales surge while in-stores sales drop to start the holidays
Thu, 03 Dec 2015 09:59:33 GMT
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