Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $375.00 short put and a strike $365.00 long put offers a potential 6.95% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $375.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $9.35 would be incurred if the stock dropped below the $365.00 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 41.76 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
Amazon Japan employee investigated over child porn: reports
Thu, 19 Mar 2015 06:00:22 GMT
Amazon Absorbs Less Carbon Dioxide as Trees Die Off, Study Says
Thu, 19 Mar 2015 04:42:21 GMT
[$$] Target Extends Return Window for Private-Label Brands
Thu, 19 Mar 2015 04:41:40 GMT
PRESS DIGEST- British Business – March 19
Thu, 19 Mar 2015 00:43:06 GMT
Reuters – March 19 – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times RENTOKIL SPRINGS ITS TRAPS …
David Cameron to seek EU VAT exemptions for small UK companies
Thu, 19 Mar 2015 00:20:21 GMT
Financial Times – David Cameron will press Jean-Claude Juncker to revise new European laws applying to value added tax on digital services amid concerns the changes could force thousands of small businesses to close. Downing …
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