Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $395.00 short put and a strike $385.00 long put offers a potential 35.14% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $395.00 by expiration. The full premium credit of $2.60 would be kept by the premium seller. The risk of $7.40 would be incurred if the stock dropped below the $385.00 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 71.45 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
[$$] Scores of Music Services Stream Into Crowded Field
Tue, 24 Dec 2013 02:31:45 GMT
The Wall Street Journal – The number of music-streaming services is set to explode next year, as record labels warm up to the idea of renting consumers access to a vast collection of tunes rather than selling them individual albums …
Must See HDTV (December 23rd – 29th)
Tue, 24 Dec 2013 00:56:00 GMT
Engadget – The last full week of 2013 is mostly filled with college football bowl games and holiday specials, but the streaming services have some treats. Netflix will premiere the first five episodes of Turbo F.A.S.T. …
Why iRobot Corporation Was a Big Mover Last Week, and What to Expect in the Weeks Ahead
Mon, 23 Dec 2013 23:34:08 GMT
Motley Fool – Shares of iRobot surged last week, but can the rally continue? We break down the stock's moves and give investors a rare glimpse into what the future looks like for the robot maker.
Amazon Rolls out Welcome Mat for Device Owners This Holiday: Download the Amazon Appstore on Android Phones and Tablets, along with Any App or Game, and Get $5 to Spend on Future Purchases
Mon, 23 Dec 2013 22:11:59 GMT
noodls – Announcing Christmas week deals for new and existing customers to enjoy on their new tablets and phones Over 100,000 apps and games to choose from in the Amazon Appstore and on Kindle Fire devices SEATTLE–(BUSINESS …
Commentary: The year that was in tech, and what's ahead
Mon, 23 Dec 2013 22:00:07 GMT
USA TODAY – Bubble debate aside, Apple, HP and Microsoft all reached crossroads while social media soared.
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