Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $895.00 short put and a strike $885.00 long put offers a potential 61.29% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $895.00 by expiration. The full premium credit of $3.80 would be kept by the premium seller. The risk of $6.20 would be incurred if the stock dropped below the $885.00 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 71.43 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
Netflix Rising: CEO Hastings Dismisses Concerns Over Subscriber Miss
Tue, 18 Apr 2017 08:35:00 +0000
Following a Q1 earnings report this afternoon by Netflix (NFLX), the company broadcast an earnings discussion with CFO David Wells, chief content officer Ted Sarandos, and founder and CEO Reed Hastings, hosted by analysts Scott Devitt of Stifel Nicolaus, and Doug Mitchelson of UBS who posed questions. The discussion ranged across a number of topics, with Hastings frequently pointing to Alphabet’s (GOOGL) Google’s YouTube as a video business Netflix is somewhat obsessed with.
EBay earnings: in-line first quarter expected, but threats ahead
Tue, 18 Apr 2017 07:22:09 +0000
The first quarter is expected to be business as usual for eBay, but analysts see larger threats ahead with the growth of Amazon and other companies adding buy features.
[$$] Lloyds in reach of private ownership after nine years
Tue, 18 Apr 2017 04:02:43 +0000
It has taken nearly a decade, but the UK government is now poised to return Lloyds Banking Group to the private sector at a profit, in a watershed moment for the banking sector. With a remaining stake …
Stock Futures: Netflix, Facebook, 4 Dow Earnings To Drive Market
Tue, 18 Apr 2017 04:01:51 +0000
Stock futures signaled little change late Monday. Netflix earnings and subscriber data, along with Facebook's F8 developers conference, will be key market drivers Tuesday.
Netflix's Earnings Provide Little Reason to Question Its Growth Strategy
Tue, 18 Apr 2017 01:24:00 +0000
With slightly weak first-quarter subscriber additions offset by solid second-quarter guidance, Netflix's latest report was business as usual. But management's commentary was once more insightful.
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