Amazon (AMZN) Offering Possible 36.05% Return Over the Next 22 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $3250.00 short put and a strike $3240.00 long put offers a potential 36.05% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $3250.00 by expiration. The full premium credit of $2.65 would be kept by the premium seller. The risk of $7.35 would be incurred if the stock dropped below the $3240.00 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 48.92 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

Build and Grow a Dropship Empire with Master Class Bundle, $20 Memorial Day Price Drop
Wed, 26 May 2021 11:00:43 +0000
Start raking money online with dropshipping.

Amazon Developing AWS Infrastructure in the UAE
Wed, 26 May 2021 10:27:13 +0000
Amazon (AMZN) is expanding its cloud infrastructure footprint into the United Arab Emirates (UAE). The tech giant has confirmed plans to open a new Amazon Web Services (AWS) infrastructure region in the UAE, starting in the first half of 2022. AWS Regions are comprised of Availability Zones, which place infrastructure in discrete geographic locations with sufficient distance to reduce the risk of a single event impacting the continuity of customers’ businesses. The 3 new AWS Availability Zones in the UAE are expected to give customers more choice and flexibility when using cloud technologies. The new data centers will add to its 80 Availability Zones across 25 geographic regions. Amazon has already confirmed plans to launch 18 more Availability Zones and six more AWS regions. (See Amazon stock analysis on TipRanks) “The new AWS Region supports the UAE’s focus on promoting technology innovation that has made it a thriving global hub for entrepreneurs, e-governments, and multi-national businesses. With the new region, organizations of all sizes will be able to innovate faster and serve end-users with even lower latency across the region,” said Peter DeSantis, SVP, AWS Global Infrastructure. In other news, Reuters reports that the Washington, D.C. Attorney General (AG) has sued Amazon over claims of an antitrust violation. According to the AG, the company breached the law by requiring third-party sellers not to offer better deals elsewhere on the products listed in its store. The latest legal tussle in Washington adds to a wave of an antitrust lawsuits that allege Amazon's continued abuse of monopoly power. BofA securities analyst Justin Post has reiterated a Buy rating on Amazon. According to the analyst, the much discussed MGM acquisition has the potential to boost the value of Prime Membership. Post stated, “The $9bn potential acquisition of MGM would be Amazon’s largest investment in content thus far (and likely a higher price than others suitors would pay), but could be financially attractive if incorporating MGM content can drive more Prime memberships, justify a $5 per year Prime Subscriber fee increase in Western markets, or help ensure Prime remains a top-5 streaming platform in a consolidating industry.” The analyst has a $4,360 price target on the stock, implying 34.36% upside potential to current levels. Consensus among analysts on Wall Street is a Strong Buy based on 31 Buy ratings. The average analyst price target of $4,298.55 implies 31.90% upside potential to current levels. AMZN scores a “Perfect 10” on TipRanks’ Smart Score rating system, suggesting it is likely to outperform market expectations. Related News: Tesla Sets up Data Center to Store EV Data in China – Report ViewRay Sells MRIdian Radiation System to American Hospital in Istanbul Coinbase Set Sights on Institutional Investors with Coinbase Prime More recent articles from Smarter Analyst: Zscaler Reports Blowout Q3 Earnings; Shares Pop 8.4% After Hours Intuit Reports Lower-Than-Expected Q3 Results, Raises Guidance Sony’s Strategic Investments to Cost $18B in 3 Years Alphabet’s Google Faces a Pair of Anti-trust Probes in Germany

Is Genius Brands a Millionaire-Maker Stock?
Wed, 26 May 2021 10:15:00 +0000
If a penny stock you're invested in delivers results that move it up by several dollars per share, or tens of dollars even, the profits can be life-changing. It owns the advertiser-backed video-streaming platform Kartoon Channel! Certainly on the surface, Genius Brands has potential.

3 Robinhood Stocks That Are Actually Great Buys
Wed, 26 May 2021 10:03:00 +0000
Three stocks that I'd buy today are AT&T (NYSE: T), Amazon (NASDAQ: AMZN), and Zynga (NASDAQ: ZNGA). Many investors have plowed into AT&T for its high dividend yield, which has recently hovered around 7%. Investors didn't like the decision by AT&T to cut the dividend, but this is the right move that will allow AT&T to reduce its debt and potentially deliver a higher total return (dividends plus capital appreciation) to shareholders.

UAE to get 3 Amazon Web Services data centres in 2022
Wed, 26 May 2021 04:59:43 +0000
Amazon Web Services (AWS) opened its first Middle East data centres in neighbouring Bahrain in 2019. The Abu Dhabi Investment Office (ADIO) said the deal was part of its efforts to attract investments that build technology capabilities and accelerate innovation. “We are excited to build on the great momentum of cloud adoption in the Middle East by providing more choice for customers in the UAE to run applications and store data locally,” said Peter DeSantis, AWS Senior Vice President of Global Infrastructure.

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