Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $101.00 short put and a strike $96.00 long put offers a potential 36.24% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $101.00 by expiration. The full premium credit of $1.33 would be kept by the premium seller. The risk of $3.67 would be incurred if the stock dropped below the $96.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Apple 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 Apple is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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 Apple
Apple Has Banned Advertisers From Using Your Health Data
Fri, 29 Aug 2014 10:17:00 GMT
Apple working with NXP for pay-by-touch technology in new iPhone – FT
Fri, 29 Aug 2014 08:49:08 GMT
Reuters – NXP will provide the secure near-field communications chips that will allow an iPhone to connect with payment terminals or ticketing systems, the daily reported. NFC technology allows a smartphone to communicate wirelessly with other devices by tapping them together. Apple has invited media to a “special event” in its hometown of Cupertino, California on Sept. 9, when the iPhone maker is expected to unveil the latest versions of its best-selling smartphones.
Apple working with NXP for pay-by-touch technology in new iPhone: FT
Fri, 29 Aug 2014 08:48:43 GMT
Apple working with NXP for pay-by-touch technology in new iPhone-FT
Fri, 29 Aug 2014 08:48:30 GMT
Apple Announces Tech Launch Amid iPhone Fever
Fri, 29 Aug 2014 08:06:08 GMT
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