Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $712.50 short put and a strike $707.50 long put offers a potential 44.93% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $712.50 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock dropped below the $707.50 long put 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 48.93 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
[$$] When the outside world intrudes on Silicon Valley
Fri, 01 Jul 2016 07:57:06 GMT
Financial Times – Silicon Valley is prone to bubbles. The biggest is the one it inhabits – 3,000 miles from the political and financial capitals of the US, snugly and smugly inventing the future. This is an advantage. As …
Comcast's Impressive Olympics Streaming Strategy Should Strengthen Its Hand Against Netflix and Amazon
Fri, 01 Jul 2016 01:00:00 GMT
Amazon goes after Starbucks with private-label coffee
Fri, 01 Jul 2016 00:55:13 GMT
Walmart's Unoriginal ShippingPass is Still No Match for Amazon Prime
Thu, 30 Jun 2016 22:33:10 GMT
Biz Break: Intel said to be getting in on driverless car technology
Thu, 30 Jun 2016 22:09:03 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook