Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $965.00 short call and a strike $975.00 long call offers a potential 38.89% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $965.00 by expiration. The full premium credit of $2.80 would be kept by the premium seller. The risk of $7.20 would be incurred if the stock rose above the $975.00 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 36.63 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
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Mon, 21 Aug 2017 08:00:00 +0000
Google once had Barack Obama’s ear, served as a revolving door for White House staff and saw its political agenda advance. In Donald Trump’s Washington, some conservatives say it’s gotten so powerful it …
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Mon, 21 Aug 2017 07:25:29 +0000
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PRESS DIGEST- New York Times business news – Aug 21
Mon, 21 Aug 2017 05:29:37 +0000
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. – Prodigy Finance, the lender that makes loans to international …
[$$] Bricks, Mortar—and Experiences
Mon, 21 Aug 2017 04:22:27 +0000
From the Apple Store to Whole Foods, a new twist on old-fashioned retailing.
Amazon Is Absolutely ‘Doing Great Damage.' Duh, Mr. President, That's Business
Sun, 20 Aug 2017 23:40:00 +0000
Tell us something we don't know.
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