Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $315.00 short call and a strike $320.00 long call offers a potential 47.06% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $315.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock rose above the $320.00 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 39.13 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
Internet Armageddon and more ‘outrageous predictions’ from Saxo Bank
Wed, 10 Dec 2014 09:08:50 GMT
Supreme Court Stops Amazon Workers’ Suit About Overtime
Wed, 10 Dec 2014 06:28:25 GMT
The Wall Street Journal – The U.S. Supreme Court ruled that Amazon warehouse workers weren’t entitled to pay for the time they spent being screened for theft at the end of their work shifts.
U.S. top court rejects worker pay for security-screening time
Wed, 10 Dec 2014 00:28:00 GMT
This CEO's Mom Told Him Not To Give Up — And He Just Sold His Company To Amazon
Tue, 09 Dec 2014 23:46:10 GMT
Congress expected to reboot Internet tax issues in 2015
Tue, 09 Dec 2014 23:25:11 GMT
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