Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $360.00 short call and a strike $370.00 long call offers a potential 40.85% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $360.00 by expiration. The full premium credit of $2.90 would be kept by the premium seller. The risk of $7.10 would be incurred if the stock rose above the $370.00 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 29.6 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
Amazon Is Primed for Earnings Growth
Wed, 26 Mar 2014 00:01:56 GMT
Why Twitter Shares Are Hitting 2014 Lows
Tue, 25 Mar 2014 21:42:38 GMT
24/7 Wall St. – Twitter, Inc. (NYSE: TWTR) proved that the cautious bears were way wrong right after the IPO. The microblogging giant sold shares at $26 in the IPO in late 2013, but the lowest this stock’s price has been …
Renaissance Technologies sells its Amazon shares in 4Q13
Tue, 25 Mar 2014 21:00:27 GMT
Four Quality Growth Names Resilient In Tough Market
Tue, 25 Mar 2014 20:56:00 GMT
Amazon first to give customers credit as part of Apple e-book conspiracy
Tue, 25 Mar 2014 20:47:34 GMT
Also on Market Tamer…
Follow Us on Facebook