Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $302.50 short put and a strike $297.50 long put offers a potential 49.25% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $302.50 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $297.50 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 40 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 Sorts Itself Out for the Holidays
Wed, 24 Dec 2014 02:20:29 GMT
Amazon's free Crimbo app bundle includes Terraria, Plex and Djay 2
Wed, 24 Dec 2014 00:01:00 GMT
Amazon continues to invest in technology and content
Tue, 23 Dec 2014 22:05:03 GMT
Lower Oil Prices: Which Stocks Stand to Benefit Most?
Tue, 23 Dec 2014 20:39:00 GMT
Why are Amazon’s fulfillment costs rising?
Tue, 23 Dec 2014 20:05:13 GMT
Also on Market Tamer…
Follow Us on Facebook