Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $707.50 short put and a strike $702.50 long put offers a potential 47.06% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $707.50 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 dropped below the $702.50 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 66.79 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
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Sun, 29 May 2016 21:42:00 GMT
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Sun, 29 May 2016 13:58:07 GMT
Financial Times – There is a tech experiment that I long to do. It is to set up fake online personas for a Hitler-worshipper and a Stalin fan, then wait to see what merchandise the likes of Facebook and Amazon's robotic …
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