Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1892.50 short call and a strike $1897.50 long call offers a potential 44.93% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1892.50 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock rose above the $1897.50 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 50.46 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
Why Alibaba Is a New Threat to Amazon
Mon, 13 May 2019 09:08:46 +0000
As Alibaba expands beyond its domestic Chinese market, it poses a formidable threat to Amazon's current dominance as the world's largest e-commerce company.
What Industry Will Amazon Disrupt Next?
Mon, 13 May 2019 07:30:00 +0000
The online retailer has changed how America shops, and it’s continuing to innovate.
Should Amazon Be Worried About Costco?
Mon, 13 May 2019 06:00:00 +0000
Charlie Munger thinks so.
How Does the Stock Market Work?
Mon, 13 May 2019 02:34:46 +0000
Learn what it means to own stocks and shares, how shares are classified, why companies issue shares, and the pros and cons of an exchange listing.
Need to know: Sneak peeks, beer week, a James Beard winner and an improved housing market
Sun, 12 May 2019 16:09:59 +0000
Business Journal Managing Editor Rob Johnson takes readers for a casual tour of the week that was. We call it Business Journal Untucked.
Also on Market Tamer…
Follow Us on Facebook