Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $532.50 short put and a strike $527.50 long put offers a potential 66.67% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $532.50 by expiration. The full premium credit of $2.00 would be kept by the premium seller. The risk of $3.00 would be incurred if the stock dropped below the $527.50 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 above 80 which suggests that the stock is in overbought territory.
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
5 Companies That Happily Lose Money to Get Your Business
Tue, 04 Aug 2015 10:00:35 GMT
Technology is driving Amazon delivery times to near zero
Tue, 04 Aug 2015 10:00:00 GMT
U.S. Firms Struggle to Trace ‘Conflict Minerals'
Tue, 04 Aug 2015 08:37:33 GMT
The Wall Street Journal – Hundreds of U.S. public companies are coming up short, as they face a deadline to reveal whether their supply chains contain even trace amounts of minerals linked to violence in Africa.
Amazon Studios chief Roy Price defends Woody Allen partnership
Mon, 03 Aug 2015 23:33:00 GMT
Why Jeremy Clarkson's Heading to Amazon Instead of Netflix Is a Big Deal
Mon, 03 Aug 2015 23:24:00 GMT
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