Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1875.00 short put and a strike $1865.00 long put offers a potential 61.29% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1875.00 by expiration. The full premium credit of $3.80 would be kept by the premium seller. The risk of $6.20 would be incurred if the stock dropped below the $1865.00 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 above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Amazon
Amazon strengthens ties with French food retailer Casino
Tue, 23 Apr 2019 08:14:53 +0000
E-commerce giant Amazon and French retailer Casino are expanding their partnership, with Amazon installing pick-up lockers in Casino stores and more of the French company's products to be available on Amazon. The move, which follows an initial co-operation between Casino's upmarket Monoprix supermarket chain and Amazon in Paris, could re-ignite speculation of a bigger deal later on. An Amazon spokeswoman said it had a policy of not commenting on market speculation.
French retailer Casino expands Amazon partnership
Tue, 23 Apr 2019 07:15:50 +0000
Casino said on Tuesday that it has expanded its partnership with e-commerce group Amazon as the French retailer seeks to tap into new distribution channels. to unveil an alliance with Amazon. Under the terms of the deal, which began in September, groceries from upmarket brand Monoprix were made available to customers of Prime Now, Amazon’s high-speed delivery service.
Sources: Amazon will buy big Bellevue development site Tuesday
Tue, 23 Apr 2019 01:27:12 +0000
The sale, expected for months, is a definitive sign that Seattle-headquartered Amazon has big plans for Bellevue, where it has leased more than 1 million square feet of office space in two existing buildings and a future tower.
Venmo Is Set to Become a Major Growth Driver for PayPal — Tech Check
Mon, 22 Apr 2019 22:51:00 +0000
As is the case for the debit card, the fact that Venmo works as a social network of sorts — consumers use it not just to pay other users and businesses, but to share their payment activity with others who can like or comment on it — could help its credit card gain some traction. Notably, thanks to its popularity with younger U.S. consumers, Venmo's total payment volume (TPV) growth has been much faster than its estimated user growth in recent growth.
Amazon Gives Up on Challenging Alibaba and JD.com in China
Mon, 22 Apr 2019 22:30:00 +0000
The e-commerce giant will shutter its domestic marketplace in the world's most populous country in July.
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