Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1505.00 short put and a strike $1495.00 long put offers a potential 44.93% 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 $1505.00 by expiration. The full premium credit of $3.10 would be kept by the premium seller. The risk of $6.90 would be incurred if the stock dropped below the $1495.00 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 at 60.75 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
French retailer Systeme U discussing supply deal with Amazon
Wed, 28 Feb 2018 10:51:02 +0000
Privately-held French supermarket operator Systeme U is discussing a possible grocery supply deal with Amazon, its chief executive said, amid growing speculation over the U.S. online retail giant's intentions regarding the French market. Amazon's purchase of Whole Foods in the United States last year has prompted speculation that it could be targeting the European food and supermarket sector next.
Amazon launches music streaming service in India
Wed, 28 Feb 2018 10:11:06 +0000
Amazon.com Inc launched its music-streaming service in India on Wednesday, its latest offering to drive customers to shop more on its flagship e-commerce platform. Amazon Prime Music will be available at no extra cost to members of Prime, the world's largest online retailer's customer loyalty plan that costs an annual 999 rupees ($15.30) and offers faster deliveries, access to early deals and a subscription to its video streaming service. “Our entire music organization – Seattle, San Francisco, Bangalore, Mumbai – we have all spent a lot of time, invested our time personally and our engineering resources in India, it's a big priority for us,” Sean McMullan, Director International Expansion at Amazon Music, told reporters.
Amazon Juggernaut Triggers New Stock Price Targets–Again
Wed, 28 Feb 2018 10:11:00 +0000
Investing.com – With Amazon (NASDAQ:AMZN) stock storming back from its February correction low, Wall Street analysts are once again raising their stock price targets for the ecommerce giant.GBH Insights increased its price target from $1,500 to $1,850, after Amazon recently topped the $1,500 level for the first time.MKM Partners upped its target from $1,350 to $1,750.GBH cited Amazon's strong consumer retail business, driven by its Prime membership plan, and its fast-growing cloud operation, known as Amazon Web Services.Amazon stock has not only recovered all of its loss from the February low, but has hit new record highs.MKM called Amazon the best "growth story" of all the mega-cap stocks.Just a month ago, more than half a dozen Wall Street firms raised their stock price targets after Amazon posted better-than-expected fourth-quarter earnings.
Ring Acquisition Could Be The Solution To Amazon's Delivery Troubles
Wed, 28 Feb 2018 09:15:00 +0000
Amazon's Key system could be boosted by latest big money aquisition
Ring, which Amazon just bought for $1 billion, was once rejected by ‘Shark Tank’
Wed, 28 Feb 2018 07:51:13 +0000
Sometimes a shark doesn’t know a good thing when he sees it.
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