Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $150.00 short put and a strike $140.00 long put offers a potential 9.77% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $9.11 would be incurred if the stock dropped below the $140.00 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
Tech Stocks from Briefing.com
Tue, 16 May 2017 09:00:20 +0000
Tech Stocks from Briefing.com
Tech Today: Buffett Buys AAPL, Salesforce On Tap, AMD's Prospects
Tue, 16 May 2017 02:54:00 +0000
Here are some things going on today in your world of tech: Warren Buffett’s Berkshire Hathaway (BRKA) disclosed in a federal filing after the close that it picked up more Apple (AAPL) shares in the March quarter, boosting its stake to 2.4% of the total common shares outstanding, as my colleague Crystal Kim related over on Focus on Funds. Meantime, Dan Loebe’s Third Point dumped its 1.85 million shares of Apple. Apple stock closed down 40 cents, or 0.3%, at $155.70, while Snap rose $1.60, or 8.4%, to close at $20.74.
Netflix May Be Preparing to Do Something Big That Freaks Out Its Fans, but It Is a Necessary Evil
Tue, 16 May 2017 01:30:00 +0000
Here we go again with Netflix.
3 Key Takeaways From Cirrus Logic's Q4 Earnings
Tue, 16 May 2017 01:23:00 +0000
Cirrus Logic posted strong numbers, but investors need to pay close attention to these three trends.
Some Silicon Valley techies obsessively track their blood sugar — and they don't have diabetes
Mon, 15 May 2017 23:35:11 +0000
At Geoff Woo's start-up Nootrobox, almost every employee tracks their blood sugar levels throughout the day.
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