Amazon (AMZN) Offering Possible 18.11% Return Over the Next 7 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $3155.00 short put and a strike $3140.00 long put offers a potential 18.11% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $3155.00 by expiration. The full premium credit of $2.30 would be kept by the premium seller. The risk of $12.70 would be incurred if the stock dropped below the $3140.00 long put 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 up which suggests that the medium-term momentum for Amazon is bullish.

The RSI indicator is at 62.92 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

Bob Woodward’s new Trump book, ‘Rage,’ due out in September
Thu, 13 Aug 2020 03:45:00 +0000
Veteran Washington Post reporter Bob Woodward’s new book about President Donald Trump is titled “Rage” and will be released Sept. 15, less than two months before Election Day, according to a listing on Amazon.com.

PRESS DIGEST- Financial Times – Aug. 13
Thu, 13 Aug 2020 01:16:16 +0000
– Facebook groups enabling the creation of fraudulent Amazon reviews are thriving, seven months after the social network assured the UK's competition regulator it would curb the behaviour. – British officials are prepared to decide whether to add France to its quarantine list on Thursday when UK's travel regime is reviewed, as France on Wednesday reported a record 2,524 new coronavirus infections over 24 hours. – Estate agents and surveyors are growing increasingly concerned about the risk of “a boom followed by a bust” in the property market, warning that a surge in activity in July is likely to evaporate if the UK economic picture darkens later this year, according to survey by the Royal Institution of Chartered Surveyors.

Franklin Templeton Is in Talks to Back Sneaker Unicorn Allbirds
Thu, 13 Aug 2020 00:55:37 +0000
(Bloomberg) — Franklin Templeton is in talks to invest in shoemaker Allbirds Inc. at a premium to its $1.4 billion valuation in 2018, according to people with knowledge of the matter.Founded by Joey Zwillinger and Tim Brown, the San Francisco-based company posted around $190 million in net revenue last year, said one of the people, who asked not to be identified because the talks are private. The talks are ongoing and funding terms might still change.Representatives for Allbirds and Franklin Templeton declined to comment.Read more: Allbirds is taking its viral fabric tennis shoes to ChinaAllbirds, which last year called out Amazon.com Inc. for allegedly copying its $95 sneakers made from fine merino wool, raised funds from investors including T. Rowe Price and Fidelity in 2018. Its best-known shoes made from wool fleece became a Silicon Valley staple after their 2016 launch.Read more: Allbirds wants your next sneaker to come from Eucalyptus treesThe company, which as a certified “B Corporation” adheres to strict standards for transparency and social accountability, in February appointed Old Navy president Nancy Green to its board. The brand has been seen on the feet of famous individuals from President Barack Obama to actor Sarah Jessica Parker.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Why AMD Stock Surged Today
Wed, 12 Aug 2020 23:25:00 +0000
What happened Shares of Advanced Micro Devices (NASDAQ: AMD) jumped 7.5% on Wednesday, as a broad rise in tech stocks helped drive the Nasdaq Composite index sharply higher.   So what  AMD's gains come after bullish analyst remarks earlier this week.

The S&P 500 Tried — and Failed — to Close at a Record High Again. What Comes Next?
Wed, 12 Aug 2020 21:51:00 +0000
For a second day, the S&P 500 came close to a record high, but failed to seal the deal. The tech titans could determine whether that happens.

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