Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $832.50 short put and a strike $827.50 long put offers a potential 56.25% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $832.50 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 $827.50 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 44.6 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
Facebook, Alibaba, Amazon, Alphabet Continue the Momentum Show
Wed, 26 Oct 2016 09:57:00 GMT
TheStreet – Amazon and Alphabet report their earnings on Thursday near all-time highs, Facebook and Alibaba report on Nov. 2.
Apple probably won’t compete with the Google Home and Amazon Echo
Wed, 26 Oct 2016 09:03:20 GMT
AmazonFresh Expands to New Cities, including Chicago and Dallas, with Monthly Membership Plan
Wed, 26 Oct 2016 07:25:04 GMT
noodls – http://www.businesswire.com/news/home/20161026005589/en/ With AmazonFresh, customers can combine grocery and other shopping into one seamless experience that easily fits into their busy lives. Customers …
AmazonFresh Expands to New Cities, including Chicago and Dallas, with Monthly Membership Plan
Wed, 26 Oct 2016 07:01:00 GMT
Business Wire – – Amazon today announced that AmazonFresh has expanded to Chicago and Dallas. These new cities add to the growing list of regions where AmazonFresh is available, including recently-launched Northern Virginia, Boston, Baltimore, and London.
Amazon beefs up Paris express delivery service with partnerships
Wed, 26 Oct 2016 04:55:32 GMT
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