Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $355.00 short call and a strike $365.00 long call offers a potential 52.67% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $355.00 by expiration. The full premium credit of $3.45 would be kept by the premium seller. The risk of $6.55 would be incurred if the stock rose above the $365.00 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 63.02 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
[$$] Meet the Man Who Really Runs the Internet
Wed, 13 Nov 2013 02:07:46 GMT
The Wall Street Journal – From Netflix's streaming video service to Pinterest's social network, much of the Internet runs under the watch of Andy Jassy, head of Amazon's Web Services division.
Amazon DynamoDB Serves Trillions Of Requests Per Month While Counterpart SimpleDB Is No Longer A Listed Product On AWS
Wed, 13 Nov 2013 01:22:46 GMT
TechCrunch – An Amazon executive said today at AWS re:Invent that NoSQL database DynamoDB now serves trillions of requests per month to its users. The news is in contrast to SimpleDB, another AWS NoSQL database, which …
Oracle's HealthCare.gov quandary has deep implications
Wed, 13 Nov 2013 00:49:49 GMT
USA TODAY – The survival of Larry Ellison's Oracle is on the line, in fixing the flawed web site.
Amazon's deal with the USPS for Sunday deliveries is weird. Here's why
Wed, 13 Nov 2013 00:04:00 GMT
Fortune – FORTUNE—Why does Amazon's (AMZN) new deal with the U.S. Postal Service to provide Sunday deliveries to Amazon Prime customers seem so unsettling? I can think of three reasons: the exclusivity (we'll get …
Here comes Amazon.com
Wed, 13 Nov 2013 00:02:06 GMT
Motley Fool – Local retailers should be fearful
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