Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $350.00 short put and a strike $340.00 long put offers a potential 43.88% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $350.00 by expiration. The full premium credit of $3.05 would be kept by the premium seller. The risk of $6.95 would be incurred if the stock dropped below the $340.00 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 63.54 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, The Biggest Cloud Player, Just Launched Two New Services To Get Even Bigger
Thu, 14 Nov 2013 00:12:06 GMT
Business Insider – Amazon dominates the cloud computing market and…
Holiday e-commerce deals may deliver surge in U.S. Postal Service revenue
Wed, 13 Nov 2013 23:50:41 GMT
Dropbox improves corporate features amid new competition from Amazon
Wed, 13 Nov 2013 23:50:15 GMT
Reuters – Dropbox Inc on Wednesday unveiled what it described as one of the most comprehensive upgrades to its service for businesses, including a feature that allows users to easily maintain both personal and corporate accounts. The new features come at a time when large rivals like Microsoft Corp (NSQ:MSFT) and Amazon Inc (NSQ:AMZN) and smaller competitors are battling to win the cloud-storage market, which is widely seen as a strategic linchpin in the era of mobile computing. The upgrades reflect the changing business focus at Dropbox – one of the most closely-watched privately held Internet companies – toward becoming a file-sharing solution for corporate customer, a critically important and lucrative market. Dropbox, valued at $4 billion by venture capital investors, is viewed as a hot prospect for an initial public offering within the next two or three years.
Dropbox improves corporate features amid new competition from Amazon
Wed, 13 Nov 2013 23:37:15 GMT
Reuters – Dropbox Inc on Wednesday unveiled what it described as one of the most comprehensive upgrades to its service for businesses, including a feature that allows users to easily maintain both personal and corporate accounts. The new features come at a time when large rivals like Microsoft Corp and Amazon Inc and smaller competitors are battling to win the cloud-storage market, which is widely seen as a strategic linchpin in the era of mobile computing. The upgrades reflect the changing business focus at Dropbox – one of the most closely-watched privately held Internet companies – toward becoming a file-sharing solution for corporate customer, a critically important and lucrative market. Dropbox, valued at $4 billion by venture capital investors, is viewed as a hot prospect for an initial public offering within the next two or three years.
Holiday e-commerce deals may deliver surge in U.S. Postal Service revenue
Wed, 13 Nov 2013 23:36:30 GMT
Reuters – The U.S. Postal Service, bleeding millions of dollars daily, is hoping the 2013 holiday season will boost its finances through a partnership with Amazon.com, a surge in online shopping and the timely release of a new stamp featuring a whimsical Yule gingerbread house. The holiday shopping and card- and gift-sending season usually is a busy time for the USPS, which expects a 12 percent jump in package volumes to 420 million this year from last year's holiday season, it said. Yet the potentially lucrative deal with online shopping giant Amazon to deliver packages on Sundays positions USPS to compete more favorably in the $186-billion annual e-commerce market. Parcel delivery is “the part of the business that the Postal Service needs to rely on to become sustainable,” said Rick Geddes of Cornell University who has written about USPS.
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