Amazon (AMZN) Offering Possible 23.08% Return Over the Next 3 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $2530.00 short put and a strike $2510.00 long put offers a potential 23.08% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $2530.00 by expiration. The full premium credit of $3.75 would be kept by the premium seller. The risk of $16.25 would be incurred if the stock dropped below the $2510.00 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 62.87 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

Amazon Now Also Under Investigation By Washington State – Report
Mon, 15 Jun 2020 06:30:14 +0000
Washington state is investigating whether Amazon (AMZN) abuses its powers over sellers on its e-commerce site, people involved with the inquiry have revealed to The New York Times.According to correspondence viewed by the paper, the Washington attorney general’s office is also looking into whether Amazon makes it harder for sellers to list their products on other websites.However, the sources added that the inquiries do not yet appear to be in advanced stages.Similarly, California is also investigating how Amazon treats sellers in its online marketplace, people familiar with the matter told The Wall Street Journal earlier this month.In particular, California state investigators are concerned about how Amazon sells its own products in competition with third-party sellers, one of the people said.Indeed, an April 2020 Wall Street Journal report alleged that Amazon employees have “used data about independent sellers on the company’s platform to develop competing products, a practice at odds with the company’s stated policies.”Although Amazon has denied these allegations, the House Judiciary Committee has called for founder Jeff Bezos to answer questions about the tech giant’s competitive practices.“If these allegations are true, then Amazon exploited its role as the largest online marketplace in the U.S. to appropriate the sensitive commercial data of individual marketplace sellers and then used that data to compete directly with those sellers,” states a recent letter from members of the committee.Shares in Amazon have nonetheless surged 38% year-to-date, and analysts hold a Strong Buy consensus on the stock. Out of 40 analysts covering the e-commerce giant, 37 rate the stock a buy with 2 hold ratings and 1 sell rating. Meanwhile the $2,734 average analyst price target translates into upside potential of 7%. (See Amazon stock analysis on TipRanks).After conducting the 8th annual U.S. Online Shopping Survey, RBC Capital’s Mark Mahaney concluded that the online retail space- and Amazon especially- is the clear structural winner emerging from the COVID-19 pandemic.Expounding on this, the five-star analyst stated, “Our survey results and industry data suggest that adoption of Online Shopping has accelerated materially, and we view Amazon, Walmart, Etsy, and eBay as beneficiaries of this secular shift.”Related News: AT&T Mulls $4 Billion Sale Of Gaming Division- Report Amazon’s Response To Judiciary Committee ‘Unacceptable’ Tweets Jerry Nadler Match Group and Bumble Put To Bed All Litigation Claims More recent articles from Smarter Analyst: * RBC Slashes Cineplex Outlook As Major C$2.8B Deal Terminated * BP Expects to Incur Up To $17.5 Billion In Charges in Q2; Shares Drop In Pre-Market * Extraction Oil & Gas Files For Bankruptcy; Announces $125M Funding Plan * Israel Is Said To Be In Talks To Buy Moderna’s Covid-19 Vaccine Candidate

Deal or No Deal
Sun, 14 Jun 2020 23:30:00 +0000
In this episode of MarketFoolery, Chris Hill chats with Motley Fool contributor Dan Kline about the latest news from the markets. They discuss the latest market swings and dispel some trends, and they examine failed and new mergers in the food delivery space.

Amazon Could Quickly Become the First $2 Trillion Company, if This Doesn't Happen First
Sun, 14 Jun 2020 18:00:00 +0000
On March 12, Amazon.com (NASDAQ: AMZN) was worth $834 billion. That's a hefty sum. But what happened next is unprecedented. The stock climbed 60%, adding $450 billion in value. How much is that? It's more than Tesla, Toyota, and General Motors are worth combined — all created in 12 weeks! But that's not even the craziest thing.

The Streaming Leaders Are Pulling Away From the Competition
Sun, 14 Jun 2020 17:00:00 +0000
While most subscription video on-demand services saw an increase in streaming hours over the last couple of months as consumers stayed home, three services outpaced the rest of the growing group of competitors. Netflix (NASDAQ: NFLX), Amazon (NASDAQ: AMZN) Prime, and Disney's (NYSE: DIS) Disney+ all grew their share of streaming hours between February and mid-May, according to data from Comscore. Streaming competitors aren't standing still, though, and consumers are seeing more and more premium content show up on competing streaming services.

Is Slack Technologies a Buy?
Sun, 14 Jun 2020 16:00:00 +0000
There has never been a better time for Slack Technologies (NYSE: WORK) collaboration software, but the stock has been a disappointment for early investors. Let's look at the most recent results, what investors can be excited about for the future, and discuss whether this tech stock is a buy today. Paid customer growth of 37% year over year drove a solid 50% increase in the top line over last year.

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