Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $800.00 short put and a strike $790.00 long put offers a potential 52.67% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $800.00 by expiration. The full premium credit of $3.45 would be kept by the premium seller. The risk of $6.55 would be incurred if the stock dropped below the $790.00 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 72.22 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 Said to Walk Away From $1 Billion Souq.com Takeover Talks
Wed, 18 Jan 2017 06:26:20 GMT
[$$] Trump vs. CEOs vs. Shareholders
Wed, 18 Jan 2017 05:17:40 GMT
Mall Owners Find Relief From Unlikely Source: Online Retailers
Wed, 18 Jan 2017 05:17:11 GMT
Bangalore tops a new list of the world’s fastest-changing cities
Wed, 18 Jan 2017 02:23:27 GMT
Amazon to Open New Fulfillment Center in Maryland
Wed, 18 Jan 2017 02:16:00 GMT
Business Wire – Amazon today announced plans to open a 1.2 million-square-foot fulfillment center in North East, Maryland. Amazon currently employs more than 3,000 associates at its fulfillment and sortation centers in Baltimore and plans to create 700 new positions at its third Maryland facility.
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