Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $355.00 short put and a strike $350.00 long put offers a potential 49.25% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $355.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $350.00 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 67.86 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
Facebook, Ford and GM earnings; Getting paid for social media posts; Weekly jobless claims
Thu, 24 Jul 2014 11:45:44 GMT
Stock Market Today: Futures Advance Is Supported by Upbeat Earnings
Thu, 24 Jul 2014 11:42:00 GMT
TheStreet – U.S. stock futures are rising Thursday, with the broader market looking at a third day of gains.
Q2 2014 Amazon.com Inc Earnings Release – After Market Close
Thu, 24 Jul 2014 11:07:06 GMT
#PreMarket Primer: Thursday, July 24: Facebook Proves Its Worth
Thu, 24 Jul 2014 11:04:35 GMT
VTech Taps Former Amazon Senior Manager Jennifer Eiselein to Lead Marketing Team
Thu, 24 Jul 2014 09:50:09 GMT
noodls – Press Releases Veteran Marketing Official Brings Brand Strategy, Communications Expertise to Toy Industry 23 July 2014 Chicago – VTech (www.vtechkids.com ), a world leader in age-appropriate and developmental …
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