Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $310.00 short call and a strike $315.00 long call offers a potential 56.25% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $310.00 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 rose above the $315.00 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 28.07 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
Union calls 3-day strike at German Amazon centers
Mon, 15 Dec 2014 08:02:25 GMT
Union calls 3-day strike at German Amazon centers
Mon, 15 Dec 2014 08:02:25 GMT
3 Gems On Portfolio Construction Buried Deep In The Bezos-Blodget Interview
Mon, 15 Dec 2014 06:27:00 GMT
‘Make an Offer' lets you haggle your way to savings on Amazon
Mon, 15 Dec 2014 03:45:00 GMT
Google And Amazon Lock Horns In Plain Sight
Mon, 15 Dec 2014 02:53:24 GMT
Gurufocus – Time and again we have seen big names in the tech industry locking horns in plain sight. After Microsoft’s cold war with Google and Samsung and Apple getting into a tech-tiff, it is now Google (GOOG) and …
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