Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1180.00 short put and a strike $1160.00 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 $1180.00 by expiration. The full premium credit of $6.90 would be kept by the premium seller. The risk of $13.10 would be incurred if the stock dropped below the $1160.00 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 49.04 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
[$$] Get Your Groceries Online, Find Your Profits Elsewhere
Tue, 19 Dec 2017 06:03:49 +0000
Investors can expect more deals between supermarket groups and the tech industry as online orders grow.
[$$] Amazon Echo Prices Turn Smart-Speaker Market On Its Ear
Tue, 19 Dec 2017 06:03:22 +0000
Amazon.com’s $30 price tag on the Echo Dot smart speaker is triggering price cuts on Google Home devices and complicating Apple Inc.’s HomePod prospects.
The Would-Be Amazon of Sex Toys Became the Radio Shack Instead
Tue, 19 Dec 2017 05:01:24 +0000
Germany’s Beate Uhse botched its chance to dominate erotica sales.
Amazon Web Services Launches New Region in France
Tue, 19 Dec 2017 04:42:00 +0000
Today, Amazon Web Services, Inc. , an Amazon.com company , announced the launch of the AWS EU Region. With this launch, AWS now provides 49 Availability Zones across 18 technology infrastructure regions globally with another 12 Availability Zones and four regions in Bahrain, Hong Kong SAR, Sweden, and a second AWS GovCloud Region in the US expected to come online by early 2019.
What We're Watching In 2018
Tue, 19 Dec 2017 02:40:00 +0000
The new year could bring some big changes to the tech space. Here are a few things investors should keep an eye on.
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