Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $950.00 short put and a strike $940.00 long put offers a potential 44.93% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $950.00 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 $940.00 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 76.31 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
[$$] Interested in a 50,000% Gain? Tips for the Intrepid IPO Investor
Tue, 16 May 2017 09:30:16 +0000
Individual investors hoping to score on an initial public offering–as did anyone who invested in Amazon.com Inc.’s 20 years ago and stayed in–should know the odds are stacked against them for myriad …
Retail rundown: Three winners and six losers in the age of Amazon
Tue, 16 May 2017 09:11:50 +0000
Some retailers are staying alive, while many face existential threats. By Jeff Reeves.
Why Cisco Is Near A Buy Point; 2 Amazon-Resistant Retailers On Tap
Tue, 16 May 2017 04:37:18 +0000
S&P 500 futures were little changed from Monday's record highs. Home Depot and TJX earnings may show if they're still Amazon resistant. Cisco is near a buy as it becomes a cybersecurity play.
[$$] Target’s New Online Strategy: Less Is More
Tue, 16 May 2017 04:32:19 +0000
Target, under pressure after issuing a dismal profit warning for the year, is narrowing its focus and rethinking its digital strategy, even as competitors like Wal-Mart invest heavily to diversify their …
[$$] New Unicorn: IPOs Like Amazon’s
Tue, 16 May 2017 04:00:53 +0000
When Amazon.com Inc. went public 20 years ago, it had a market capitalization of $660 million.
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