Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $335.00 short call and a strike $345.00 long call offers a potential 31.93% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $335.00 by expiration. The full premium credit of $2.42 would be kept by the premium seller. The risk of $7.58 would be incurred if the stock rose above the $345.00 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 64.71 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
Tues., June 24: Amazon Among Stocks to Watch
Tue, 24 Jun 2014 13:34:50 GMT
Amazon Accused of Antitrust Violation in Germany
Tue, 24 Jun 2014 13:01:35 GMT
Amazon.com Chooses the Best Books of 2014 (So Far)
Tue, 24 Jun 2014 13:00:00 GMT
Business Wire – —Today Amazon.com announced its annual list of the Best Books of the Year So Far, a midyear retrospective that highlights the must-reads released between January and June 2014.
Will Staples (SPLS) Stock Be Helped By New Price Match Plan?
Tue, 24 Jun 2014 12:29:00 GMT
Stock Futures Tilt Lower Ahead of Housing Data
Tue, 24 Jun 2014 12:27:00 GMT
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