Amazon (AMZN) Offering Possible 33.33% Return Over the Next 7 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1667.50 short call and a strike $1672.50 long call offers a potential 33.33% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1667.50 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock rose above the $1672.50 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 65.17 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

[$$] The Amazon Invasion in New York and Virginia Will Be a Slow One
Thu, 13 Dec 2018 10:34:33 +0000
Inc.’s announcement that it will bring 25,000 new jobs to both New York City and Northern Virginia has sparked a frenzy of local activity. Lost in all the commotion: It will likely take many years, if not a decade, before residents see a massive army of Amazon employees invading their cities. Amazon has told employees at its Seattle headquarters it won’t require them to relocate, said people familiar with the matter, meaning it will rely on mostly local hires.

Apple to build new $1 billion campus in Texas
Thu, 13 Dec 2018 09:50:43 +0000
The announcement follows a promise by Apple in January to invest $30 billion in the United States and comes as companies with major manufacturing operations outside America have been facing political pressure to ramp up investments at home. U.S. President Donald Trump has also warned of slapping tariffs on iPhones and other Apple products imported from China, a major consumer market for the Cupertino, California-based company. The new 133-acre campus at Austin, already home to the second largest number of Apple employees outside Cupertino, will be located less than a mile away from Apple's existing facilities.

Amazon Extends Holiday Free Shipping Promotion to December 18 and Expands Prime FREE One-Day Shipping (or faster) to 10,000 Cities and Towns
Thu, 13 Dec 2018 08:00:00 +0000
(AMZN) — Procrastinators rejoice – Prime members can shop all the way up until Christmas Eve with Prime FREE Same-Day Delivery and Prime Now. Additionally, all customers in the U.S. can enjoy free shipping on hundreds of millions of items, and this holiday season Amazon has extended the free shipping cutoff with no minimum purchase through December 18 for orders that will arrive in time for Christmas. A majority of Prime members in the U.S. have access to free one-day shipping or faster, and Amazon today announced that Prime FREE Same-Day Delivery and Prime FREE One-Day Shipping expanded this year to more than 10,000 cities and towns coast-to-coast.

[$$] Branson’s plans for Virgin Galactic hinge on key space flight
Thu, 13 Dec 2018 06:38:48 +0000
is hoping to reach the edge of space for the first time on Thursday with a test flight that could mark a turning point in its long-delayed efforts to create a new space tourism industry. The latest test of the company’s space plane is scheduled to take it to a height of more than 80 kilometres — the altitude at which space begins, according to the US military and Nasa. Thursday’s flight over the Mojave desert in southern California is the fourth powered test since an accident in 2014 that left one Virgin Galactic pilot dead and set Sir Richard’s space hopes back by three years.

The costly journey of returned goods means big business for some
Thu, 13 Dec 2018 06:32:00 +0000
Last year, customers in the U.S. returned about $351 billion worth of items that they had purchased from brick-and-mortar retailers and online stores, according to estimates by National Retail Federation. Buyers return a huge number of packages they buy from Amazon and other e-commerce sites, so much so that retailers are sometimes left with little choice but to get rid of large swaths of inventory at a cost. There's a good chance that the $100 printer, the $300 wide-screen monitor, or the $170 router you recently bought from Amazon AMZN weren't supplied to the e-commerce giant by their original manufacturers.

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