Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1620.00 short put and a strike $1610.00 long put offers a potential 60% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1620.00 by expiration. The full premium credit of $3.75 would be kept by the premium seller. The risk of $6.25 would be incurred if the stock dropped below the $1610.00 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 53.97 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
Will This Regulation Derail Amazon in India?
Wed, 20 Feb 2019 08:25:00 +0000
Amazon has run into a mess in India.
Both Walmart and Amazon can prosper in e-commerce market, analyst says
Wed, 20 Feb 2019 07:10:08 +0000
Kian Salehizadeh, senior analyst at Blockforce Capital, discusses the e-commerce rivalry between Walmart and Amazon.
Trammell Crow seeks demo permit to clear way for Denny Triangle office tower
Wed, 20 Feb 2019 05:28:08 +0000
Crow's latest project is relatively small — just 10 stories and 115,000 square feet of office space — but the company has had success in the neighborhood before.
Amazon Is Looking More and More Like a Shipping Company
Wed, 20 Feb 2019 02:32:00 +0000
The e-commerce giant is investing a lot in shipping and delivery infrastructure for today and tomorrow.
Google Buys Another Cloud Migration Startup
Wed, 20 Feb 2019 01:52:00 +0000
The search giant continues to beef up its cloud platform to take on rivals.
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