Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $435.00 short put and a strike $425.00 long put offers a potential 7.53% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $435.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $9.30 would be incurred if the stock dropped below the $425.00 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 58.05 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
In Tech: Microsoft Office, Foursquare mayors, Amazon Echo
Thu, 25 Jun 2015 07:13:17 GMT
AP – Android phone owners can now use an updated version of Microsoft's Office tools for writing, spreadsheets and slideshows. The new Word, Excel and PowerPoint apps are designed to provide more functions …
In Tech: Microsoft Office, Foursquare mayors, Amazon Echo
Thu, 25 Jun 2015 07:12:07 GMT
AP – Android phone owners can now use an updated version of Microsoft's Office tools for writing, spreadsheets and slideshows. The new Word, Excel and PowerPoint apps are designed to provide more functions …
Beijing sees silver lining in ballooning stock market
Thu, 25 Jun 2015 04:18:30 GMT
Financial Times – As Chinese stocks have soared to their highest levels since the financial crisis, many analysts have pointed the finger towards Beijing, calling the year-long bull run a state-sanctioned rally. But what …
As Amazon, eBay remove Confederate flags, Nazi items on sale
Thu, 25 Jun 2015 02:31:33 GMT
As Amazon, eBay remove Confederate flags, Nazi items on sale
Thu, 25 Jun 2015 00:01:41 GMT
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