Amazon (AMZN) Offering Possible 58.73% Return Over the Next 16 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $712.50 short call and a strike $717.50 long call offers a potential 58.73% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $712.50 by expiration. The full premium credit of $1.85 would be kept by the premium seller. The risk of $3.15 would be incurred if the stock rose above the $717.50 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 41.53 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

AWS Launches Elastic File System
Wed, 29 Jun 2016 04:31:05 GMT
noodls – New elastic file storage service makes it easy to deploy and scale highly durable file systems in the AWS Cloud SEATTLE–(BUSINESS WIRE)–Jun. 29, 2016– Amazon Web Services, Inc. (AWS), an Amazon.com …

AWS Launches Elastic File System
Wed, 29 Jun 2016 04:02:00 GMT
Business Wire – Amazon Web Services, Inc. , an Amazon.com company , today announced that Amazon Elastic File System , a new, fully managed service that makes it easy to set up and scale file storage in the AWS Cloud, is now available to all customers.

Schnitzer West buys Seattle high-rise next to where it's building a new tower
Wed, 29 Jun 2016 00:49:11 GMT

Amazon's plan to build a Kickstarter knockoff turned into a site that helps startups sell
Wed, 29 Jun 2016 00:37:33 GMT

Jim Cramer's ‘Mad Money' Recap: Add These 2 Stocks to FANG
Wed, 29 Jun 2016 00:16:00 GMT

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