Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $315.00 short call and a strike $325.00 long call offers a potential 44.93% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $315.00 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 rose above the $325.00 long call 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 29.87 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
Connect Group profit up, unveils new service for retailers
Wed, 15 Oct 2014 07:20:51 GMT
Connect Group profit up, unveils new service for retailers
Wed, 15 Oct 2014 07:18:45 GMT
Where the jobs are: Hot prospects for college grads
Tue, 14 Oct 2014 22:48:19 GMT
USA TODAY – Not all college degrees are equal, and some metros give a better head start than others.
What to watch for in eBay’s earnings
Tue, 14 Oct 2014 20:28:21 GMT
Amazon dips its toes into brick-and-mortar retailing
Tue, 14 Oct 2014 17:32:55 GMT
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