Amazon (AMZN) Offering Possible 28.21% Return Over the Next 21 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $960.00 short call and a strike $965.00 long call offers a potential 28.21% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $960.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock rose above the $965.00 long call 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 down which suggests that the medium-term momentum for Amazon is bearish.

The RSI indicator is at 43.7 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 Effect' Leads Investors to Sour on Retail
Thu, 28 Sep 2017 09:48:41 +0000
Amazon.com’s expanding reach is prompting investors to dump shares of retailers far from the U.S. While the “Amazon effect” has been most pronounced in the U.S., investor concern overseas has risen.

[$$] Amazon’s Device Ambitions Speak Volumes
Thu, 28 Sep 2017 04:44:36 +0000
Despite heavy spending, Amazon has managed to boost its profitability over the last couple of years, thanks largely to its growing cloud business, and its investments fuel far more than the Echo devices….

[$$] Amazon’s New Echos Bring Alexa to the Bedroom and Beyond
Thu, 28 Sep 2017 04:43:48 +0000
Amazon let 10,000 Echos bloom, introducing a half-dozen new products to convince families to put Alexa in a lot more places throughout the home (and even beyond it).

Amazon set to launch pregame show ahead of Bears-Packers game
Thu, 28 Sep 2017 02:20:10 +0000
Amazon will produce a pregame show for its home page before it streams Thursday night’s Bears-Packers “Thursday Night Football” game. Hosted by former NFLer Tiki Barber and Australian chef Curtis Stone , the show will attempt to peddle NFL merchandise customers can buy from Amazon — from serving trays and glasses to grilling tools and jerseys. This is the first of 11 NFL games Seattle-based Amazon will stream this season.

Amazon's barrage of new gadgets shows why it's the most dangerous and relentless company in tech
Thu, 28 Sep 2017 01:01:52 +0000
In the span of about an hour on Wednesday morning Amazon went on a hardware…

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