Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $390.00 short call and a strike $400.00 long call offers a potential 22.1% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $390.00 by expiration. The full premium credit of $1.81 would be kept by the premium seller. The risk of $8.19 would be incurred if the stock rose above the $400.00 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 67.59 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
Amazon
Wed, 11 Dec 2013 23:50:00 GMT
Investor's Business Daily – All Business Briefs
3:47 pm Amazon.com declines as low as 382.12, its six day range low/Dec low is at 381.37
Wed, 11 Dec 2013 23:24:55 GMT
Briefing.com – 3:47 pm Amazon.com declines as low as 382.12, its six day range low/Dec low is at 381.37
How Alibaba Views International Expansion and Mobile: A Discussion With Joe Tsai
Wed, 11 Dec 2013 23:23:00 GMT
Forbes – I recently chatted with Alibaba's Joe Tsai about how the Chinese Internet giant views international expansion and their growth into mobile.
[$$] Barnes & Noble Chief Books a $40 Million Loss on Stock Sale
Wed, 11 Dec 2013 23:11:04 GMT
The Wall Street Journal – Leonard Riggio, Barnes & Noble's chairman and biggest shareholder, realized a loss of $40 million on company shares he sold Tuesday.
Facebook to Join S&P 500
Wed, 11 Dec 2013 23:07:27 GMT
The Wall Street Journal – Facebook is finally set to join the S&P 500, a move announced late Wednesday that prompted the stock to jump in after-hours trading.
Related Posts
Also on Market Tamer…
Follow Us on Facebook