Apple (AAPL) Offering Possible 5.71% Return Over the Next 27 Calendar Days

Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $160.00 short call and a strike $170.00 long call offers a potential 5.71% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $160.00 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $9.46 would be incurred if the stock rose above the $170.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Apple 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 Apple is bearish.

The RSI indicator is at 68.51 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 Apple

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Fri, 19 May 2017 14:36:38 +0000
In fiscal 2Q17, Qualcomm’s GAAP revenue fell 16% sequentially, or by $974 million, to $5.0 billion. It lost $815 million in revenue to BlackBerry.

‘Pokémon GO' Is Considering Move Set Rerolls After Community Feedback
Fri, 19 May 2017 14:22:00 +0000
Niantic has acknowledged that a much-requested feature may be working its way into Pokémon GO in the not-to-distant future. That would be the ability to re-roll the move set of your Pokémon in some form or another.

Amazon’s profitless path to world domination
Fri, 19 May 2017 14:07:46 +0000
Twenty years ago this week, Amazon went public. Then an online bookseller, the company has since grown into a globe-spanning retail giant worth more than $430 billion in market cap. That’s a 50,000% return (give or take a few thousand percent) if you bought Amazon’s shares when it first listed. The company is now the…

Tech Stocks from Briefing.com
Fri, 19 May 2017 14:00:15 +0000
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Apple is fighting legislation that would let you repair your own iPhone
Fri, 19 May 2017 13:48:04 +0000
Apple, Verizon, the Consumer Technology Association and other firms are lobbying against an act that would require them to release repair guides.

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