Amazon (AMZN) Offering Possible 29.87% Return Over the Next 14 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1637.50 short put and a strike $1632.50 long put offers a potential 29.87% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1637.50 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock dropped below the $1632.50 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 at 50.22 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 Boosts Brands' Power to Fight Counterfeits
Thu, 28 Feb 2019 10:32:07 +0000
Inc. is starting to let brand owners delete listings on its site for products they deem fake, marking a sharp shift in its struggle to fight counterfeiters that cedes some of its responsibility to other companies. The online retail giant on Thursday launched a new anticounterfeiting program, called Project Zero, that it says would better protect brands from scammers by letting them designate listings for removal, rather than going through a cumbersome reporting process with Amazon. The company has been testing it with roughly 15 brands for a few months, and will now start inviting selected additional companies to participate.

The U.S. stock market has now split into the ‘haves’ and ‘have nots’
Thu, 28 Feb 2019 10:11:00 +0000
Tom Plumb, who runs the Plumb Balanced Fund, says instead that the market is “bifurcated” into “haves” and “have nots.” The “haves” are companies that “generate tremendous free cash flow with recurring revenue streams,” he said.

Is It Finally Safe to Buy Macy's Stock?
Thu, 28 Feb 2019 02:00:00 +0000
The lack of urgency in Macy’s turnaround efforts is worrisome.

Target Launches a Curated Third-Party Marketplace
Thu, 28 Feb 2019 01:54:00 +0000
The retailer wants to stamp out PR disasters before they happen.

[$$] Amazon drops plans to move into Seattle skyscraper
Thu, 28 Feb 2019 01:31:42 +0000
Amazon, led by founder Jeff Bezos, had agreed in 2017 to rent all 30 floors of office space — with room for at least 3,500 employees — in Rainier Square, which will become the second-tallest building in the Pacific Northwest when it opens next year, according to The Seattle Times.

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