Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $995.00 short call and a strike $1000.00 long call offers a potential 44.93% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $995.00 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 rose above the $1000.00 long call 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 down which suggests that the medium-term momentum for Amazon is bearish.
The RSI indicator is at 36.86 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
Why Alphabet Inc (GOOGL) Stock Naysayers Can’t Keep It Down for Long
Tue, 08 Aug 2017 08:00:04 +0000
InvestorPlace – Stock Market News, Stock Advice & Trading Tips
Retail Bloodbath Finds Buyers As Stocks Bounce
Tue, 08 Aug 2017 04:33:03 +0000
Retail stocks have been climbing in recent weeks ahead of quarterly results, offering up one sign that there's still life left in the sector.
Amazon secretly taking over brands it sells: report
Tue, 08 Aug 2017 03:05:41 +0000
The Seattle e-commerce titan keeps watch for what's selling well, then may decide to cut out the middle man, according to a new report.
Here Are All the Signs Investors Are Growing More Worried About Retail
Tue, 08 Aug 2017 02:38:20 +0000
The latest U.S. jobs report laid bare some of the sobering tribulations faced by American retailers: they’ve shed jobs on an annual basis for the first time since 2010, when the sector’s employment was …
The Age of Amazon the Destroyer of All Things May Be Receding for Now, Jim Cramer Reveals
Tue, 08 Aug 2017 02:30:00 +0000
Attention Amazon fans.
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