Amazon (AMZN) Offering Possible 73.91% Return Over the Next 27 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $970.00 short call and a strike $980.00 long call offers a potential 73.91% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $970.00 by expiration. The full premium credit of $4.25 would be kept by the premium seller. The risk of $5.75 would be incurred if the stock rose above the $980.00 long call 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 down which suggests that the medium-term momentum for Amazon is bearish.

The RSI indicator is at 28.72 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

Gap's CEO Just Had a Bizarre Rant on Why He Doesn't Run a Mall Retailer
Fri, 18 Aug 2017 09:59:00 +0000
Good ol' Gap is making a comeback

Alibaba stock could boom by up to 34% as it takes a page from the Amazon playbook
Fri, 18 Aug 2017 07:32:32 +0000
Alibaba's cloud division grew 96 percent and continued growth could be the catalyst for a “re-rating” of the stock.

[$$] Wal-Mart Sales Rise as Retailer Dodges Industry Malaise
Fri, 18 Aug 2017 04:18:25 +0000
Wal-Mart Stores Inc.’s sales rose in the latest quarter, boosted by an e-commerce surge and strong grocery sales, a sign that the world’s largest retailer continues to brush off the malaise afflicting …

[$$] Alibaba’s Net Income, Revenue Surge on Growth in Online Sales
Fri, 18 Aug 2017 04:18:20 +0000
The Chinese e-commerce giant’s efforts to expand product offerings and leverage big-data assets—all aimed at getting consumers and advertisers to spend more—appear to be working.

Alibaba: RBC Capital Markets Lifts Price Target, Sees 13% Upside
Fri, 18 Aug 2017 01:22:00 +0000
Alibaba (BABA) climbed 2.8% in Thursday trading in New York after the Chinese e-commerce giants delivered better-than-expected second quarter earnings. Alibaba reported a 96% year-on-year increase in net …

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