Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $955.00 short call and a strike $960.00 long call offers a potential 69.49% 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 $955.00 by expiration. The full premium credit of $2.05 would be kept by the premium seller. The risk of $2.95 would be incurred if the stock rose above the $960.00 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 35.89 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
Cramer: Amazon's Foray Into Food Will Squeeze Everyone
Fri, 25 Aug 2017 09:38:00 +0000
If it turns out that things aren't so bad, stocks will be bought back.
The bad news on Amazon’s stock price is only beginning
Fri, 25 Aug 2017 09:04:35 +0000
Analyst downward revisions tend to beget even more such revisions, says Mark Hulbert.
Ahold, Tesco Fall on Amazon's Whole Foods Price Cut
Fri, 25 Aug 2017 08:01:00 +0000
Supermarkets are under pressure.
Amazon and Whole Foods will cut prices of avocados and kale to mark close of deal
Fri, 25 Aug 2017 07:28:29 +0000
Amazon and Whole Foods Market will lower prices on a range of groceries on Monday to mark the close of Amazon’s $13.7 billion acquisition of the organic grocer. Amazon Prime will become Whole Foods’ rewards …
PRESS DIGEST – Wall Street Journal – Aug 25
Fri, 25 Aug 2017 05:20:15 +0000
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. – Amazon.com Inc said it will begin slashing prices on grocery …
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