Amazon (AMZN) Offering Possible 65.29% Return Over the Next 23 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1780.00 short put and a strike $1770.00 long put offers a potential 65.29% 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 $1780.00 by expiration. The full premium credit of $3.95 would be kept by the premium seller. The risk of $6.05 would be incurred if the stock dropped below the $1770.00 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 61.04 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

How to identify U.S. stocks with attractive growth potential
Tue, 22 Oct 2019 09:36:00 +0000
Justin White uses four ‘pillars’ for his stock-picking strategy on the T. Rowe Price New America Growth Fund.

Amazon founder visits Washington, DC high school
Tue, 22 Oct 2019 06:35:35 +0000



Bezos made an appearance at Dunbar High School in Washington, D.C. on Monday (October 21), as part of a new program launched by the company.

Through its “Amazon Future Engineer” program, the tech giant is funding computer science courses for over 2,000 high schools in underserved and underrepresented communities across the U.S. The program is set to benefit over 100,000 students, Amazon says, by providing teaching in a sector that is set to be an increasing source of future employment.

In a video shared by Bezos on his Twitter and Instagram accounts, the billionaire businessman can be seen joking and interacting with students and Ramona Hutchins, the science teacher at Dunbar High.

Further reading
Tue, 22 Oct 2019 05:30:08 +0000
Elsewhere on Tuesday… — Meet the man behind the wealth tax — Merv gets it wrong, again — Frat-house hedge fund ponzi More from the Financial Times Further reading Further reading Further reading Further …

Stocks Lift Higher Even as Dollar Provides Drag
Tue, 22 Oct 2019 00:25:01 +0000
State Street Global Advisors' sector ETF for stocks that sell consumer staples (think toothpaste, toilet paper, fast food, and cheap clothes) tracks a collection of consumer staples. If consumers are able to stretch their dollar further, then the retail sector may see the benefit of consumers who feel a little more flush. Companies such as Dollar General Corporation (DG) Walmart Inc. (WMT), Dollar Tree, Inc. (DLTR), Casey's General Stores, Inc. (CASY), Target Corporation (TGT), and, Inc. (AMZN) have all done well this year.

Will Microsoft's (MSFT) Cloud Segment Drive Its Q1 Earnings?
Mon, 21 Oct 2019 22:39:10 +0000
Microsoft (MSFT) is set to report its first quarter fiscal 2020 results after the closing bell on Wednesday, October 23.

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