Amazon (AMZN) Offering Possible 66.67% Return Over the Next 28 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $820.00 short call and a strike $830.00 long call offers a potential 66.67% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $820.00 by expiration. The full premium credit of $4.00 would be kept by the premium seller. The risk of $6.00 would be incurred if the stock rose above the $830.00 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 30.12 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

BBVA works with Amazon Web Services to accelerate the Group’s transformation
Fri, 21 Oct 2016 08:29:08 GMT
noodls – Madrid – BBVA today announced a global agreement with Amazon Web Services (AWS) that aims to accelerate BBVA's global transformation through cloud computing. The agreement, which is part of a series of …

The secrets behind Microsoft’s big profit beat and dot-com boom share price
Fri, 21 Oct 2016 00:24:16 GMT

Many Apple products on Amazon are fake
Fri, 21 Oct 2016 00:01:08 GMT
AAP – Apple says it has been buying Apple chargers and cables labelled as genuine on Amazon.com and has found nearly 90 per cent of them to be counterfeit. The revelation comes in a federal lawsuit filed by Apple against a New Jersey company on Monday over what Apple says are counterfeit products that were sold on Amazon. In the lawsuit, Apple says Mobile Star imprinted Apple logos on cables and chargers that “pose a significant risk of overheating, fire, and electrical shock”.

Chamath Palihapitiya on Election, Twitter and Amazon
Thu, 20 Oct 2016 23:07:02 GMT

The Drone War Is On: Australian Startup Beats Google, Amazon
Thu, 20 Oct 2016 23:00:00 GMT

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