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 45.99% return on risk over the next 38 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 $3.15 would be kept by the premium seller. The risk of $6.85 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 32.45 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
Amazon Web Services (AWS) Direct Connect available through Interxion Cloud Connect in London
Thu, 16 Oct 2014 06:36:05 GMT
noodls – 16th October 2014 AMSTERDAM – 16th October, 2014 – Today, INTERXION HOLDING NV (NYSE: INXN), a leading European provider of cloud and carrier-neutral colocation data centre services, announced that customers …
[$$] Amazon to Hire 80,000 Workers for Holidays
Thu, 16 Oct 2014 05:19:32 GMT
The Wall Street Journal – Amazon plans to hire 80,000 seasonal workers for its warehouse network in the U.S., representing a 14% increase from last year as the company brings its massive distribution facilities closer to urban …
Amazon Creating 80,000 Seasonal Jobs at its Growing Network of U.S. Fulfillment and Sortation Centers
Thu, 16 Oct 2014 04:38:51 GMT
noodls – SEATTLE–(BUSINESS WIRE)–Oct. 16, 2014– Amazon.com, Inc. (NASDAQ: AMZN) today announced it is creating 80,000 seasonal positions across its U.S. network of fulfillment and sortation centers this holiday …
Amazon bringing on more holiday hands this year
Thu, 16 Oct 2014 04:21:00 GMT
CNNMoney.com – Amazon is boosting the number of extra helpers it relies on to put gifts under the Christmas tree. The company said Thursday it will hire 80,000 seasonal employees this year, up from 70,000 last year. …
Holiday shoppers will spend $804 on average
Thu, 16 Oct 2014 04:04:41 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook