Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $305.00 short put and a strike $295.00 long put offers a potential 45.99% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $305.00 by expiration. The full premium credit of $3.15 would be kept by the premium seller. The risk of $6.85 would be incurred if the stock dropped below the $295.00 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 45.94 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
Author tracks down Amazon.com CEO's dad
Fri, 18 Oct 2013 02:01:09 GMT
AAP – The story of Jeff Bezos being raised by an adoptive father is hardly new. The Amazon.com Inc CEO has said previously that he never knew his biological father, and the only time he thinks about him is when …
Amazon's New Service Takes Aim at eBay's PayPal
Fri, 18 Oct 2013 00:42:00 GMT
Motley Fool – Amazon's tries to steal a piece of eBay's online payment pie.
EBay – No Reason To Celebrate This Holiday Season, As Competition Will Intensify
Fri, 18 Oct 2013 00:34:14 GMT
Seeking Alpha – Shares of eBay ( EBAY ) fell some 4% on Thursday after the e-commerce market place and payment provider announced its third quarter results. Little convincing third quarter results and a cautious guidance …
Google's Q3 beats as ad volume grows, stock flirts $1,000 level
Thu, 17 Oct 2013 23:49:59 GMT
Reuters – By Alexei Oreskovic SAN FRANCISCO (Reuters) – Google Inc's (NSQ:GOOG) quarterly results beat Wall Street's expectations as the Internet search giant expanded its mobile and overseas businesses while keeping …
Battle of the new media billionaires: One trying to save something old, one trying to start something new
Thu, 17 Oct 2013 23:32:59 GMT
paidContent.org – Those who think journalism isn't dying but being reborn now have two major experiments to watch — Jeff Bezos trying to revive the Washington Post and eBay founder Pierre Omidyar launching an ambitious …
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