Amazon (AMZN) Offering Possible 53.26% Return Over the Next 29 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1570.00 short put and a strike $1550.00 long put offers a potential 53.26% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1570.00 by expiration. The full premium credit of $6.95 would be kept by the premium seller. The risk of $13.05 would be incurred if the stock dropped below the $1550.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Amazon is bearish and the probability of a decline 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 66.49 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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Wed, 21 Mar 2018 08:15:53 +0000
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Wed, 21 Mar 2018 07:57:17 +0000
Each is a disruptor and, in some ways, a liability for the economy and society.

'China's Amazon' JD.com Has These Futuristic Projects In The Works
Wed, 21 Mar 2018 05:58:05 +0000
JD.com, eager to embrace the moniker of "China's Amazon," has several high-tech initiatives in the works, helping it keep abreast of its American counterpart.

[$$] When is an egg not an egg? In Silicon Valley
Wed, 21 Mar 2018 05:00:28 +0000
In San Francisco, even the eggs are high-tech. Just, a food-tech start-up launched in 2011, created a software programme to scour more than 350,000 plants for proteins, nutrients and properties that make …

Amazon is now second most valuable U.S.-listed company, tops Alphabet
Wed, 21 Mar 2018 04:08:26 +0000
Amazon shares finished up 2.69 percent at $1,586.51, for a market capitalisation of $768 billion, underscoring Wall Street's confidence in its relentless expansion into cloud computing, groceries and other new businesses. Alphabet lost 0.39 percent, trimming its stock market value to $762 billion, as Wall Street fretted about regulatory fallout following revelations that a political consulting firm had improperly obtained personal data on 50 million Facebook Inc (FB.O) users. Together, Alphabet and Facebook dominate online advertising.

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