Amazon (AMZN) Offering Possible 53.85% Return Over the Next 28 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1750.00 short call and a strike $1755.00 long call offers a potential 53.85% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1750.00 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $3.25 would be incurred if the stock rose above the $1755.00 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 37.97 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

Tech Stocks Racing Toward Best Gains in Decade Despite Red Flags
Thu, 21 Nov 2019 07:29:46 +0000
Tech stocks are leading the market by a wide margin in 2019, but Q3 2019 profit declines and high valuations are causes for concern.

Sony in Talks to Buy Stake in Ambani’s TV Network
Thu, 21 Nov 2019 06:35:23 +0000
(Bloomberg) — Sony Corp. is in talks to acquire a stake in the Indian television network controlled by billionaire Mukesh Ambani, as the Japanese giant seeks to tap booming demand for content in the South Asian nation, according to people familiar with the matter.The Tokyo-based company is currently conducting due diligence on Ambani’s Network18 Media & Investments Ltd. before any possible offer, the people said, asking not to be named as the information is not public. Sony is considering several potential deal structures, including a bid for the company or a merger of its own Indian business with Network18’s entertainment channels, one of the people said.Talks are at a preliminary stage and may not result in a transaction, the people said. Shares of Network18 surged as much as 19% in Mumbai on Thursday, while unit TV18 Broadcast Ltd. jumped 9.7%.While a successful deal may help Sony bolster its local offerings and take on upstart rivals such as Netflix Inc., it will give Ambani access to international content. The Indian tycoon’s wireless carrier, Reliance Jio Infocomm Ltd., has spent almost $50 billion in the past few years on its network to disrupt India’s telecommunications industry and has been luring users by offering local and overseas programming.“Our company evaluates various opportunities on an ongoing basis,” a spokesman for Ambani’s Reliance Industries Ltd., said in an email, declining to comment further. Representatives for Sony in India and Japan didn’t immediately respond to requests for comments.The talks come at a time when competition is heating up for paying viewers in a potentially lucrative market with more than half a billion smartphone users. Streaming companies such as Netflix to Amazon.com Inc. Prime are increasingly offering programs created locally to lure subscribers. Ambani’s Jio, while having the technology platform, is limited by the paucity of content it can stream, making such a deal with Sony crucial.“India is a massive OTT market, and any international OTT play will need to bolster its local strategy,” said Utkarsh Sinha, managing director at Bexley Advisors, a boutique firm in Mumbai, referring to over-the-top or streaming media services. “More partnerships or strategic alliances like this are likely in the next year or so.”Inside the Most Watched YouTube Channel in the WorldReliance Industries, the oil-to-petrochemicals conglomerate, unveiled plans last month to set up a digital-services holding company to fulfill the mogul’s ambitions for an e-commerce platform aimed at taking on the likes of Amazon.com and Walmart Inc.’s Flipkart Online Services Pvt.Sony operates in the South Asian country through Sony Pictures Networks India, which has a bouquet of channels including Sony Entertainment Television, reaching over 700 million viewers in India.TV18 Broadcast owns and operates 56 channels in India spanning news and entertainment. It also caters to the global Indian diaspora through 16 international channels.(Updates with analyst’s comment in seventh paragraph)To contact the reporters on this story: Baiju Kalesh in Mumbai at bkalesh@bloomberg.net;Anto Antony in Mumbai at aantony1@bloomberg.net;P R Sanjai in Mumbai at psanjai@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, ;Sam Nagarajan at samnagarajan@bloomberg.net, Arijit GhoshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Gritty professional memoirs are the hot publishing trend
Thu, 21 Nov 2019 04:00:28 +0000
Twas the Night shift Before Christmasis currently the bestselling book on Amazon UK and is published next month in the US. Kiera O’Brien, charts and data editor at the Bookseller, a trade publication, says memoirs of jobs are a “huge trend”. Dr Amanda Brown’s The Prison Doctorhas sold about 61,000 copies in paperback, forensic pathologist Dr Richard Shepherd’s Unnatural Causeshas sold 108,000, while nurse Christie Watson’s The Language of Kindness is on 158,000.

Amazon to Open Supermarkets Without Cashiers
Wed, 20 Nov 2019 23:45:20 +0000
Nov.20 — Amazon.com Inc. is preparing to open supermarkets and pop-up stores without cashiers. It's an expansion of the technology used in Amazon Go convenience stores. Bloomberg's Matt Day reports from Seattle on "Bloomberg Technology."

Microsoft to Drive Digital Overhaul of Oil & Gas Enterprises
Wed, 20 Nov 2019 23:38:11 +0000
Microsoft (MSFT) teams up with Baker Hughes (BKR) and C3.ai, to enable oil and gas enterprises with digital transformation.

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