Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $432.50 short put and a strike $427.50 long put offers a potential 56.25% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $432.50 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $3.20 would be incurred if the stock dropped below the $427.50 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 59.19 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 Is Urged to Come Clean on Energy Use
Thu, 04 Jun 2015 04:34:57 GMT
Customers Urge Amazon To Come Clean on Energy
Wed, 03 Jun 2015 23:55:22 GMT
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Wed, 03 Jun 2015 23:33:00 GMT
FAA to name adviser to handle ‘crush' of industry drone queries
Wed, 03 Jun 2015 20:49:55 GMT
Reuters – The Federal Aviation Administration said on Wednesday that it would place a higher priority on integrating drones into the national air space by appointing a senior adviser to coordinate relations with industry and other outside stakeholders. FAA Administrator Michael Huerta said the new position would deal with “an absolute crush” of outside interest from the private sector and allow regulators within the agency's Unmanned Aircraft Systems (UAS) integration office to concentrate on crafting new regulations for commercial drone use.
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Wed, 03 Jun 2015 20:23:00 GMT
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