Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $350.00 short put and a strike $340.00 long put offers a potential 44.93% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $350.00 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 $340.00 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 72.97 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
Earnings Expectations For The Week Of July 21: Apple, Facebook, GM And Much More
Sun, 20 Jul 2014 18:18:23 GMT
Is Amazon Poised to Head Higher?
Sun, 20 Jul 2014 16:34:05 GMT
Amazon: murky waters
Sun, 20 Jul 2014 16:12:17 GMT
Financial Times – Remember when Amazon was mainly a bookseller? Five years ago, media accounted for more than half of the company's revenues. Today, it is just a quarter. Amazon is still thinking of new ways to push reading …
Amazon 2Q14 Preview: Positive On AWS, Competitive Risk A Long-Term Negative
Sun, 20 Jul 2014 05:43:18 GMT
Will economy's fate be set by next two weeks' earnings?
Sun, 20 Jul 2014 04:09:20 GMT
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