Amazon (AMZN) Offering Possible 51.52% Return Over the Next 14 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1197.50 short put and a strike $1192.50 long put offers a potential 51.52% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1197.50 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock dropped below the $1192.50 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 66.48 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

How Amazon is trying to become the “everyday store” for Indians
Thu, 04 Jan 2018 05:28:55 +0000
Amazon wants to become a habit for Indians. While fiercely competing with homegrown startups in popular e-commerce segments like electronics and apparel, Amazon India is aggressively wooing customers to buy daily-need items from its portal. Consumer products—grocery, health, personal care, beauty, and more—are currently among the fastest-growing categories for Amazon India. The strategy is in…

Amazon, Google cut speaker prices in market share contest – analysts
Thu, 04 Jan 2018 01:30:55 +0000
Amazon.com Inc (AMZN.O) and Alphabet Inc's (GOOGL.O) Google both discounted their virtual assistant speakers so deeply over the holiday shopping season that they likely lost a few dollars per unit, highlighting a sharply different strategy from Apple Inc (AAPL.O) as it prepares its HomePod speaker, analysts said. Both companies cut prices for the smallest version of their speakers, the Amazon Echo Dot and Google Home Mini, to as little as $29 from $50 for the U.S. holidays.

10 Reasons to Buy Amazon Stock — and Consider Never Selling
Thu, 04 Jan 2018 00:40:00 +0000
With its stock soaring 56% in 2017, the e-commerce titan continues to churn out gains like a smaller growth stock. Here's why the party isn't over.

Cramer: Children's Place a 'fabulous' buy
Thu, 04 Jan 2018 00:35:00 +0000
Jim Cramer tracked Children's Place's positive drivers and anointed it one of his few "buys" in brick-and-mortar retail.

Your Amazon Echo could be making you spend more money
Wed, 03 Jan 2018 23:33:54 +0000
A new study examines the spending habits of Amazon’s customers.

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