Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1935.00 short put and a strike $1930.00 long put offers a potential 31.58% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1935.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $1930.00 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 72.16 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
Free Amazon Prime One-Day Shipping Shouldn’t Scare UPS and FedEx, Analyst Says
Tue, 30 Apr 2019 09:35:00 +0000
An analyst argued that Amazon will absorb the biggest hit because it will lose flexibility in organizing its deliveries. Rival delivery services already offer one-day delivery.
Walmart Hints at an Answer to Amazon's 1-Day Free Shipping Plan
Tue, 30 Apr 2019 09:09:00 +0000
The country's largest retailer implied that it could offer a deal similar to the e-commerce leader's. But should it?
Microsoft Crosses $1 Trillion; Facebook Plans for Fines
Tue, 30 Apr 2019 09:00:00 +0000
What’s $3 billion to $5 billion to a company as big as Facebook? Not enough to worry it or Wall Street, clearly.
Google Continues Slump After Ad Revenue Growth Shown to Slow
Tue, 30 Apr 2019 08:44:39 +0000
Shares of Google’s parent company were down 7.8 percent during pre-market trading in New York Tuesday. Wall Street was looking for $30.04 billion, according to the average of analysts’ estimates compiled by Bloomberg. Revenue from Google advertising rose 15 percent, the slowest pace since 2015.
Amazon Is Doubling Down on Travel, Just Not in the Way You Think
Tue, 30 Apr 2019 06:30:11 +0000
The travel industry has been anticipating Amazon’s entry into travel, and we at Skift have covered its current and impending moves through a Skift Research report, a podcast, and an e-book. Turns out the travel-focused action on Amazon’s side is, for now, via the cloud. Amazon Web Services (AWS) has been energizing the marketing of […] The post Amazon Is Doubling Down on Travel, Just Not in the Way You Think appeared first on Skift.
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