Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1635.00 short call and a strike $1645.00 long call offers a potential 53.85% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1635.00 by expiration. The full premium credit of $3.50 would be kept by the premium seller. The risk of $6.50 would be incurred if the stock rose above the $1645.00 long call 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 down which suggests that the medium-term momentum for Amazon is bearish.
The RSI indicator is at 48.56 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
[$$] India puts the squeeze on Walmart and Amazon
Mon, 04 Feb 2019 10:39:45 +0000
Now the US retailer and its compatriot Amazon — which has spent $5bn on its Indian operations since 2012 — have found the carpet pulled from under their feet. and squeeze the returns on their investments.
Why These IPOs May Create Another Bubble for Tech Stocks
Mon, 04 Feb 2019 10:35:13 +0000
A flood of IPOs should reach market in 2019, including high-profile, but unprofitable, tech companies. The scenario has echoes of the Dotcom Bubble.
Drug Pricing Risk Will Be With Cigna Stock for the Foreseeable Future
Mon, 04 Feb 2019 10:00:00 +0000
The “catastrophically broken status quo” can’t continue, Health and Human Services secretary Alex Azar said. Now he is targeting pharmacy-benefit managers, and that’s not good news for the nation’s largest, Cigna.
GLOBAL MARKETS-World stocks subdued, dollar firm as U.S. job's bounce fades
Mon, 04 Feb 2019 09:56:29 +0000
World stocks remained near two-month highs on Monday with the dollar and oil chalking up gains, though some European bourses struggled as momentum from last week's U.S. employment and manufacturing data bounce started to fade. MSCI's All Country World Index, which tracks stock markets in 47 countries, traded within a whisker of Friday's two-month high after Hong Kong's Hang Seng ended a half day of trade up 0.2 percent while Australian shares and Japan's Nikkei ended half a percent higher. Trade was subdued with many of the region's markets closed for the Lunar New Year.
[$$] Japanese Billionaire’s E-Commerce Site Hits Turbulence
Mon, 04 Feb 2019 01:55:12 +0000
TOKYO—The Japanese billionaire who bought the first ticket to fly around the moon on Elon Musk’s SpaceX vehicle is losing momentum back on Earth. The business of selling fashion brands online may not be rocket science, but it is getting trickier for Japanese entrepreneur Yusaku Maezawa after years of rapid growth for his site, with big brands backing away and competition from the likes of Amazon.com Inc. rising. Zozo Inc. made it to the top of Japan’s fashion e-commerce world by offering leading brands on its Zozotown site that previously were available only in elite department stores.
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