Amazon Stock Is Struggling With This Price Level. This Trade Capitalizes On The Sluggish Action.
BILL O'NEIL ARCHIVES: Analysis Of The Greatest Stocks Of All Time Amazon (AMZN) stock broke through key support levels on Tuesday and has been showing signs of distribution since early September. Amazon has also seen a declining relative strength line during that time frame. Now, I'm looking at a bear call spread that assumes Amazon will struggle to get back above 240 between now and mid-November. A bear call spread involves selling an out-of-the-money call and buying a further out-of- the-money call. Assem ...