Amazon (AMZN) Offering Possible 19.05% Return Over the Next 28 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1747.50 short put and a strike $1742.50 long put offers a potential 19.05% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1747.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $1742.50 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 above 80 which suggests that the stock is in overbought territory.

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

What trade war? FAANGs scale new highs
Thu, 21 Jun 2018 08:17:17 +0000
The five heavyweight stocks also powered the Nasdaq Composite (.IXIC) to a record high and helped the broader S&P 500 (.SPX) shrug off concerns over tariffs between the United States and China. Trade war worries have limited the benchmark S&P 500's gain to about 3.5 percent this year, but the FAANG group, whose businesses are largely immune to trade and tariffs, has surged 10 times in this period. “We're seeing a big question mark over global trade … and whenever you see the market get in trouble, it's always important to look for leadership and isolate strength,” said Adam Sarhan, chief executive officer of 50 Park Investments in New York.

[$$] Further reading
Thu, 21 Jun 2018 06:01:00 +0000
Elsewhere on Thursday, — Brexit-on-sea — The death and life of a hedge fund mansion — Companies are dying faster than they ever have — Treasury yield curve blues — Bracing for lower growth — Empty …

Here's What's Wrong With Oracle Corp. Today
Thu, 21 Jun 2018 00:09:00 +0000
The database veteran is touting its cloud-computing results with less clarity nowadays, leaving analysts and investors to wonder what's really going on behind the scenes.

[$$] These Stocks Have Left Amazon Behind This Year
Wed, 20 Jun 2018 23:39:24 +0000
Just don’t tell investors in some stocks of big store chains. The SPDR S&P Retail ETF is up 11% this year, more than tripling the S&P 500’s 3.5% gain. Share prices of department stores such as Macy’s Inc. and Dillard’s Inc. have risen more than 55% this year, even edging out Amazon.com Inc.’s 50% advance.

Alexa Goes to College: Northeastern University Giving Echo Dots to Students
Wed, 20 Jun 2018 23:09:08 +0000
The devices will come with a Alexa skill customized to answer questions about student life.

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