Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $355.00 short put and a strike $345.00 long put offers a potential 24.07% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $355.00 by expiration. The full premium credit of $1.94 would be kept by the premium seller. The risk of $8.06 would be incurred if the stock dropped below the $345.00 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 51.82 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
Who Is the Next RadioShack?
Wed, 05 Mar 2014 00:04:00 GMT
PowaTag: E-ZPass of Shopping or Amazon Killer?
Tue, 04 Mar 2014 22:49:36 GMT
Facebook to fly high with drones
Tue, 04 Mar 2014 22:06:00 GMT
CNBC – Facebook bought drone maker Titan Aerospace of $60 million. Mike Isaac, Senior Editor at Re/code, weighs in on Mark Zuckerberg's vision.
RadioShack plans to close 26% of its U.S. stores
Tue, 04 Mar 2014 21:50:00 GMT
Verizon in talks with content providers for online video service
Tue, 04 Mar 2014 21:25:43 GMT
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