Amazon (AMZN) Offering Possible 88.68% Return Over the Next 6 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1630.00 short call and a strike $1635.00 long call offers a potential 88.68% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1630.00 by expiration. The full premium credit of $2.35 would be kept by the premium seller. The risk of $2.65 would be incurred if the stock rose above the $1635.00 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 50.86 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

Why the Feared Google-Facebook Duopoly Will Grow Faster Than Expected
Fri, 08 Mar 2019 10:53:32 +0000
Morgan Stanley estimates the online penetration of traditional advertising at 25%, half of its previous estimate at 50%.

Amazon can be a ‘necessary evil' for small retailers around the world
Fri, 08 Mar 2019 09:28:18 +0000
“If you don't sell on Amazon, you don't have a big business,” one U.K. retailer told CNBC. Hirschkorn oversees the U.K. operations of Gorilla Sports, a German-headquartered online retailer that sells sports equipment like free weights and cardio machines. “Basically if you're an online retailer in the U.K. you have no choice,” Hirschkorn told CNBC's Beyond The Valley.

Amazon's Dash Button Is Dead
Fri, 08 Mar 2019 01:31:00 +0000
The gimmicky device that let you order an item at the push of a button is no more.

[$$] Kroger Gets Marked Down
Fri, 08 Mar 2019 00:34:01 +0000
Grocery giant Kroger is doing everything it can to respond to pressures on its industry. U.S. grocery stores are facing a perfect storm. Consumers are having more groceries and other household staples delivered to their door.

[$$] Philadelphia Is First U.S. City to Ban Cashless Stores
Fri, 08 Mar 2019 00:32:57 +0000
Philadelphia is the first major U.S. city to ban cashless stores, placing it at the forefront of a debate that pits retail innovation against lawmakers trying to protect all citizens’ access to the marketplace. Starting in July, Philadelphia’s new law will require most retail stores to accept cash. A New York City councilman is pushing similar legislation there, and New Jersey’s legislature recently passed a bill banning cashless stores statewide.

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