Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $817.50 short put and a strike $812.50 long put offers a potential 51.52% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $817.50 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 $812.50 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 above 80 which suggests that the stock is in overbought territory.
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
[$$] Oscar Nominations Validate Amazon’s Hollywood Ambitions
Wed, 25 Jan 2017 05:42:37 GMT
Amazon Steals Netflix’s Spotlight to Become Toast of Hollywood
Wed, 25 Jan 2017 03:41:57 GMT
What's Behind Netflix's Massive Subscriber Additions
Wed, 25 Jan 2017 02:43:00 GMT
The Problem With Apple's TV Ambitions
Wed, 25 Jan 2017 00:49:00 GMT
Amazon beats Netflix to first-ever best picture Oscar nomination for a streaming service
Wed, 25 Jan 2017 00:30:08 GMT
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