Amazon (AMZN) Offering Possible 61.29% Return Over the Next 20 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $980.00 short call and a strike $985.00 long call offers a potential 61.29% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $980.00 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $3.10 would be incurred if the stock rose above the $985.00 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 49.19 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

Nike Officially Arrives on Amazon, but Then Adidas' Stock Does Something Bizarre
Fri, 30 Jun 2017 09:50:00 +0000
Nike joins forces with Bezos.

Nike jumps 7% premarket after earnings beat, Amazon deal
Fri, 30 Jun 2017 07:04:15 +0000
Shares in Nike Inc. rose 7% in premarket action Friday after the sportswear giant late Thursday reported better-than-expected fourth-quarter earnings and revenue. Nike also confirmed a deal to sell shoes …

Alibaba Working on Rival to Amazon's Echo
Fri, 30 Jun 2017 05:39:00 +0000
Chinese e-commerce giant Alibaba (BABA) is reportedly working on a device to rival Amazon’s (AMZN) Echo – an online enabled speaker that reacts to voice commands. The story, an exclusive to The Information journalist Juro Osawa, says that the new device will interpret and respond to commands in Chinese and allow users to make orders from online stores. The article adds that the device is being developed by Alibaba’s artificial intelligence research teams in China.

People want to be associated with brands: Kantar Worldpan…
Fri, 30 Jun 2017 05:12:00 +0000
Chris Hayward, consumer specialist at Kantar Worldpanel, takes a look at the convergence seen across delivery, retail and tech models.

These 5 Tech Trends Are No Longer Your Friend; Nasdaq Futures Down
Fri, 30 Jun 2017 04:53:48 +0000
The Nasdaq closed below its 50-day line Thursday along with many top-rated stocks in leading tech groups. Nasdaq futures signaled more selling overnight.

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