Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $317.50 short call and a strike $322.50 long call offers a potential 75.44% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $317.50 by expiration. The full premium credit of $2.15 would be kept by the premium seller. The risk of $2.85 would be incurred if the stock rose above the $322.50 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 25.98 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
4:01 pm Amazon.com to acquire comiXology; terms not disclosed, expected to close in the second quarter
Fri, 11 Apr 2014 20:01:00 GMT
Nikkei leads rout in Asia shares after US selloff; China CPI in focus
Fri, 11 Apr 2014 02:12:00 GMT
CNBC – Asian stocks endured losses on Friday as a steep selloff on Wall Street overshadowed benign Chinese consumer inflation data.
[$$] Amazon Agrees to Buy Digital Comics Provider ComiXology
Fri, 11 Apr 2014 01:19:52 GMT
The Wall Street Journal – Amazon.com Inc. agreed to acquire digital-comics provider comiXology, scooping up an app that has been a top-grossing performer on the iPad in recent years.
Amazon Buys ComiXology
Fri, 11 Apr 2014 00:38:13 GMT
Yes, Amazon's delivery drones are real (maybe)
Fri, 11 Apr 2014 00:17:00 GMT
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