Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $400.00 short call and a strike $410.00 long call offers a potential 39.86% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $400.00 by expiration. The full premium credit of $2.85 would be kept by the premium seller. The risk of $7.15 would be incurred if the stock rose above the $410.00 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 57.68 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
This Tech Stock Deserves to Be on Your New Year's Shopping List
Tue, 31 Dec 2013 01:02:38 GMT
Motley Fool – NVIDIA has left its Tegra troubles in the past and is ready to scale to new heights.
U.S. cracks open skies to testing, use of aerial drones
Tue, 31 Dec 2013 00:33:35 GMT
Wal-Mart is ‘absolute loser' stock: Pro
Mon, 30 Dec 2013 22:30:00 GMT
CNBC – Brian Sozzi, Belus Capital Advisors CEO, and “Fast Money” trader Tim Seymour debate Wal-Mart's performance going into 2014.
Why United Parcel Service Stock Zoomed 46% This Year, and Why in 2014 It Could Go Even Higher
Mon, 30 Dec 2013 22:10:53 GMT
Motley Fool – Amazon's astounding holiday season metrics and competitive advantages over FedEx are just two of the growth catalysts for UPS for 2014.
CNBC.com hot list
Mon, 30 Dec 2013 21:51:00 GMT
CNBC – CNBC.com Managing Editor Allen Wastler reports the economy, a market drop, and Amazon Prime are the hottest topics among CNBC.com readers.
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