Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1770.00 short put and a strike $1765.00 long put offers a potential 12.36% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1770.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $1765.00 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 40.61 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
D.C. startup began with Alexa and Google voice apps. Now it's expanding.
Tue, 26 Nov 2019 10:00:00 +0000
D.C.-based XappMedia is expanding beyond its original business line of developing marketing voice applications for Alexa and Google devices. The company just raised $2.2 million in fresh funding, and is already extending that round to $3.5 million, according to CEO Pat Higbie. “They are asking for us to help them with conversational AI to improve their business,” Higbie said.
Amazon Unveils Winners of U.S. Small Business Spotlight Awards
Tue, 26 Nov 2019 08:01:00 +0000
Amazon (AMZN) today announced the U.S. winners of the Small Business Spotlight Awards, including: Small Business of the Year, Woman-Owned Small Business of the Year, and Small Business Owner Under 30 of the Year. The Small Business Spotlight Awards, introduced in September, honor and celebrate inspiring, unique, and customer-obsessed small businesses selling in Amazon’s stores.
These companies help Amazon and Walmart haul away all the stuff Americans buy online
Tue, 26 Nov 2019 07:36:00 +0000
Returned goods to retailers are driving the growth of ‘reverse logistics’ companies, writes Patrick Crocker.
Tim Berners-Lee Invented the Web. Can He Save It?
Tue, 26 Nov 2019 05:00:28 +0000
UPDATE 1-Synchrony investigates notification error tied to Amazon co-branded card
Tue, 26 Nov 2019 00:09:25 +0000
Synchrony Financial said on Monday it was investigating the cause of a notification sent erroneously to some customers regarding the financial services company's co-branded card with Amazon.com Inc. A Synchrony spokesperson said the e-mail sent in error did not include any customer data or personal information.
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