Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $827.50 short put and a strike $822.50 long put offers a potential 51.52% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $827.50 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 $822.50 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 72.68 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
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Tue, 31 Jan 2017 10:45:00 GMT
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Tue, 31 Jan 2017 09:40:56 GMT
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Tue, 31 Jan 2017 09:12:00 GMT
Season Two of the Amazon Original Series The Man in the High Castle to Debut Globally on Amazon Prime Video on February 10
Tue, 31 Jan 2017 09:00:00 GMT
PR Newswire – Prime Video members can enjoy a sneak peek of season two with episode one available to watch on February 3 Original dramatic series stars Alexa Davalos, Rupert Evans, Luke Kleintank, DJ Qualls, Joel De …
Season Two of the Amazon Original Series The Man in the High Castle to Debut Globally on Amazon Prime Video on February 10
Tue, 31 Jan 2017 09:00:00 GMT
CNW Group – Season Two of the Amazon Original Series The Man in the High Castle to Debut Globally on Amazon Prime Video on February 10
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