Amazon (AMZN) Offering Possible 5.82% Return Over the Next 16 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1740.00 short call and a strike $1750.00 long call offers a potential 5.82% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1740.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $9.45 would be incurred if the stock rose above the $1750.00 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 32.55 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 will update HQ2 design to meet Jeff Bezos' climate goals
Tue, 01 Oct 2019 09:00:00 +0000
An Arlington energy commission wants HQ2 to be as green as some of the tech giant's Seattle buildings.

Amazon, Credit Suisse, Stitch Fix, 'Stranger Things' – 5 Things You Must Know
Tue, 01 Oct 2019 05:28:00 +0000
U.S. stock futures rise Tuesday as investors hope for a near-term breakthrough when trade talks resume next week between the U.S. and China; Amazon reportedly is looking to bring cashierless technology to airports and move theaters; Credit Suisse clears its CEO in spying scandal.

Walmart takes on Amazon in India with enhancements to Flipkart’s ‘Big Billion Days’
Tue, 01 Oct 2019 01:16:00 +0000
Flipkart’s annual “Big Billions Days” event is expected to be the biggest ever, a positive for Walmart, which invested $16 billion in the company last year.

3 Large-Cap Stocks for Dividend Investors to Buy with S&P 500 Up 19%
Mon, 30 Sep 2019 23:05:11 +0000
Investors should think about buying dividend-paying stocks from companies with stable and growing businesses. Today, we found three such stocks utilizing our Zacks Stock Screener…

Sigfox, Amazon Sidewalk, and the Internet-of-Things
Mon, 30 Sep 2019 21:22:31 +0000
As Amazon announces Sidewalk, its Internet-of-Things wireless network, we look back on an interview with Sigfox about its similar network.

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