Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $365.00 short put and a strike $355.00 long put offers a potential 25.79% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $365.00 by expiration. The full premium credit of $2.05 would be kept by the premium seller. The risk of $7.95 would be incurred if the stock dropped below the $355.00 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 69.26 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: Any Way You Look at It, Stock Should Go Higher, Says Bernstein
Mon, 10 Mar 2014 23:27:00 GMT
Omega's Cooperman: eBay should spin off portion of PayPal
Mon, 10 Mar 2014 23:22:45 GMT
eBay Rejects Icahn Nominees as Fight Goes to Shareholders
Mon, 10 Mar 2014 22:11:00 GMT
Amazon Is Poised For Another All-Time High
Mon, 10 Mar 2014 22:06:17 GMT
Vipshop, 58.com And DangDang Rumble Past U.S. Peers
Mon, 10 Mar 2014 21:51:00 GMT
Also on Market Tamer…
Follow Us on Facebook