Amazon’s most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1547.50 short put and a strike $1542.50 long put offers a potential 42.86% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1547.50 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $1542.50 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 75.86 level which suggests that the stock is neither overbought nor oversold at this time.
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[$$] Court case over loud kids sends shivers down parental spines
Fri, 09 Mar 2018 05:01:05 +0000
It takes a village to raise a child. But it should not take a block of luxury flats. At least that is the implication of a London judge’s ruling this week. The case centred on a couple in Kensington, who …
Several candidates have been approached to lead Amazon’s health venture with Berkshire and JPM
Fri, 09 Mar 2018 01:00:00 +0000
The search for a CEO is well underway. Here’s the latest, via sources familiar.
Activists Push for Gender Diversity at Amazon
Thu, 08 Mar 2018 23:58:00 +0000
CTW Investment fund is agitating for more women and minorities on the internet e-commerce giant’s board in hopes it will lead to greater diversity in its management team.
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