Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $360.00 short put and a strike $350.00 long put offers a potential 40.85% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $360.00 by expiration. The full premium credit of $2.90 would be kept by the premium seller. The risk of $7.10 would be incurred if the stock dropped below the $350.00 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 52.73 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
4 Tech Stock Stories Ready for a Monday Download
Mon, 18 Nov 2013 23:05:12 GMT
Wall St. Cheat Sheet – All the top business stories of the day in the technology sector: 4 Tech Stock Stories Ready for a Monday Download
Account of Jeff Bezos and Amazon wins Business Book of the Year
Mon, 18 Nov 2013 22:30:55 GMT
Financial Times – An “inspirational” account of the rise of Amazon and Jeff Bezos, the ecommerce group's founder, has won this year's Financial Times and Goldman Sachs Business Book of the Year Award. The Everything …
Now Dropbox Thinks It's Worth $8 Billion
Mon, 18 Nov 2013 22:28:54 GMT
BusinessWeek – Unlike some other high-profile startups that got eye-popping valuations of late, Dropbox actually has revenue
Comments From U.S. Officials on Bitcoin
Mon, 18 Nov 2013 22:06:28 GMT
MarketWatch – At a Monday Senate hearing, Jennifer Shasky Calvery of the Financial Crimes Enforcement Network and Mythili Raman of the Department of Justice Criminal Division discussed the matter of virtual currencies …
Amazon Web Services Could be Worth $50B
Mon, 18 Nov 2013 21:25:00 GMT
TheStreet – Amazon Web Services could be worth $50 billion to Amazon, prompting an analyst to boost his price target on the retail giant.
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