Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $675.00 short put and a strike $670.00 long put offers a potential 53.85% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $675.00 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $3.25 would be incurred if the stock dropped below the $670.00 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 57.37 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 Wants To Beam Augmented Reality Into Your Living Room
Wed, 02 Dec 2015 03:42:00 GMT
Forbes – Amazon may want to build a futuristic living room.
Full Frontal Media: Kylie Vs. Kim
Wed, 02 Dec 2015 01:17:00 GMT
Shopping Surges Online: What's Hot, What Flopped?
Wed, 02 Dec 2015 01:14:00 GMT
Where can I get 4K Ultra HD TV shows and movies today?
Wed, 02 Dec 2015 00:20:39 GMT
Cyber Monday Set Record And Tone For Holiday Shopping
Wed, 02 Dec 2015 00:16:00 GMT
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