Amazon (AMZN) Offering Possible 15.61% Return Over the Next 16 Calendar Days

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Amazon’s most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $3085.00 short call and a strike $3095.00 long call offers a potential 15.61% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $3085.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $8.65 would be incurred if the stock rose above the $3095.00 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 51.33 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

GameStop hires Amazon executive as chief growth officer in e-commerce shift
Tue, 30 Mar 2021 11:03:39 +0000
GameStop is in the process of shifting its business away from the brick-and-mortar retailer model and into an e-commerce business that can compete with large-scale retailers like Target Corp and Walmart Inc, as well as technology firms such as Microsoft Corp and Sony Corp. Signaling a broader overhaul, at least two executives have departed since – Chief Customer Officer Frank Hamlin and Chief Financial Officer Jim Bell.

GameStop names Amazon exec Elliot Wilke chief growth officer, adds two former Chewy’s managers to roster
Tue, 30 Mar 2021 10:56:00 +0000
Videogame retailer GameStop Corp. said Tuesday it has appointed former Amazon executive Elliott Wilke to the role of chief growth officer effective April 5. Wilke has held a range of roles at Amazon in branding, consumer goods and e-commerce, in segments including Amazon Fresh, Prime Pantry and Worldwide Private Brands. He also spent more than a decade at consumer goods giant Procter & Gamble . “At GameStop, Mr. Wilke will oversee growth strategies and marketing, with a focus on increasing customer loyalty and growing the reach of Power Up Rewards and Game Informer,” the company said in a statement. GameStop also named Andrea Wolfe vice president of brand development. Wolfe was previously Chewy’s vice president of marketing. GameStop named Tom Petersen vice president of merchandising, the role he previously served at Chewy’s. The pair will join Ryan Cohen, Chewy founder, who joined the GameStop board late last year. GameStop shares were up 3.7% premarket and have gained more than 860% in the year to date, after being caught up in a trading frenzy fueled by an investor group on Reddit. The S&P 500 has gained 6% in the year to date.

Amazon union vote enters final stretch in watershed moment for U.S. labor
Tue, 30 Mar 2021 10:12:17 +0000
The votes on whether to form a union at Amazon.com Inc’s sprawling Alabama fulfillment center are set to be reviewed starting on Tuesday, with momentum for future labor organizing at America’s second-largest private employer hanging in the balance. An agent from the U.S. National Labor Relations Board will sift through ballots sent to more than 5,800 workers at Amazon’s Bessemer, Alabama-based warehouse as part of a prolonged process expected to last days and spark legal challenges. Tallying votes might not begin until later this week or next, after both Amazon and the union check the eligibility of ballots cast, said a person familiar with the process.

3 Ultra-Popular Robinhood Stocks That Are Screaming Buys
Tue, 30 Mar 2021 09:51:00 +0000
Over the past year, retail investors have thrived off volatility. As a result, Robinhood’s leaderboard –i.e., the 100 most held stocks on the platform – is predominantly a mishmash of penny stocks, momentum plays, and dart throws. First up is data-mining company Palantir Technologies (NYSE: PLTR), which has been climbing Robinhood’s leaderboard since its direct listing in late September 2020.

3 Stocks to Watch Amid Rising Demand for Smart Speakers
Tue, 30 Mar 2021 09:49:09 +0000
Smart speakers seem poised to witness growth thanks to their conveniences like providing information and entertainment, making it wise to look at names like Apple (AAPL), Amazon (AMZN) and Alphabet (GOOGL)

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