Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1862.50 short call and a strike $1867.50 long call offers a potential 47.06% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1862.50 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock rose above the $1867.50 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 43.92 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
French first-quarter online retail sales rose 11.9% – Fevad
Thu, 23 May 2019 09:14:03 +0000
Online retail sales in France rose by 11.9% to 24.9 billion euros ($27.7 billion) in the first quarter, said the French E-Commerce Federation (Fevad), reflecting growth in a sector that has seen Amazon put pressure on traditional retailers such as Carrefour. As the French economy stages a gradual recovery, online sales growth has been boosted by a growing number of online vendors and people using the Internet to shop more often. Sales generated via tablets and smartphones rose 22% and Fevad predicted orders made on smartphones could outpace those made via computers by 2021.
French Q1 online retail sales rose 11.9% -Fevad
Thu, 23 May 2019 08:00:04 +0000
Online retail sales in France rose by 11.9% to 24.9 billion euros ($27.7 billion) in the first quarter, said the French E-Commerce Federation (Fevad), reflecting growth in a sector that has seen Amazon put pressure on traditional retailers such as Carrefour. As the French economy stages a gradual recovery, online sales growth has been boosted by a growing number of online vendors and people using the Internet to shop more often. Sales generated via tablets and smartphones rose 22% and Fevad predicted orders made on smartphones could outpace those made via computers by 2021.
Brick-and-Mortar Retail Suffers: The 2019 Story
Thu, 23 May 2019 04:00:00 +0000
2018 wasn’t so bad for traditional retail, but the numbers show that this year is an entirely different story.
Target Delivers Another Big Earnings Beat
Thu, 23 May 2019 02:23:00 +0000
The cheap-chic retailer is firing on all cylinders, with a big assist from its digital growth initiatives.
Is it time to revive the rumors that Apple will buy Tesla? Here’s why one expert thinks so
Thu, 23 May 2019 02:02:00 +0000
The bad news seems to keep on coming for Tesla Inc., and one expert says this is the year the electric-car company “comes undone” — and maybe gets bought by Apple Inc.
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