Amazon’s most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1600.00 short put and a strike $1595.00 long put offers a potential 35.14% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1600.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock dropped below the $1595.00 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 65.95 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Amazon
What we already know about Walmart’s plans for Flipkart
Mon, 14 May 2018 09:01:01 +0000
Walmart is going to give its new acquisition in India lots of firepower to go head-to-head against rival Amazon. The US retailer could invest an additional $3 billion into Flipkart—aside from the $16 billion it is already spending on buying it—within a year of closing the deal, it said in a filing with the US…
Macy’s Recovery Parade Could End on Weak Earnings
Mon, 14 May 2018 09:00:00 +0000
Macy’s, Inc. ( M) is considered America’s premier mall anchor with its nearly 1,000 Macy’s and Bloomingdale’s stores. Macy’s has been feeling the drag of losing sales to online retail behemoth Amazon.com, Inc. ( AMZN) since mid-2015. Since the week of July 17, 2015, shares of Macy’s have crashed by 76% from the all-time high of $73.61 to a multi-year low if $17.41 set during the week of Nov. 10, 2017.
This portfolio manager says Amazon’s valuation is ‘obscen…
Mon, 14 May 2018 00:38:00 +0000
Cole Smead of Smead Capital Management says Amazon’s valuation is hard to justify from “any stretch of the imagination from a historical perspective.”
Walmart’s Flipkart investment was ‘a move they had to mak…
Mon, 14 May 2018 00:31:00 +0000
R.J. Hottovy of Morningstar says Walmart’s decision to purchase a majority stake in Flipkart was needed for it to be a global player in the e-commerce space.
Post office blames U.S. government — not Amazon — for billion-dollar loss
Sun, 13 May 2018 17:18:15 +0000
The U.S. Postal Service placed most of the blame for the $1.3 billion it lost in its second fiscal quarter on “inflexible” government policy, and some of it on inflation and a decline in first-class mail, but it did not blame any of it on delivery deals made with customers, including, notably, Amazon.com Inc. Total revenue rose 1.4% to $17.50 billion, as 9.5% growth in shipping and package revenue and a 15% rise in international revenue helped offset a 2.5% drop in first-class mail and a 0.4% decline in marketing mail.
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