Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $144.00 short put and a strike $139.00 long put offers a potential 27.23% 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 $144.00 by expiration. The full premium credit of $1.07 would be kept by the premium seller. The risk of $3.93 would be incurred if the stock dropped below the $139.00 long put 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 32 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
Tech Stocks from Briefing.com
Tue, 27 Jun 2017 09:00:20 +0000
Tech Stocks from Briefing.com
What The Great Economist Galbraith Can Teach Us About Etiquette
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Tue, 27 Jun 2017 08:00:06 +0000
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[$$] Which Payment App Is Best for You: Venmo, Apple or ‘Zelle’?
Tue, 27 Jun 2017 04:42:57 +0000
All the digital payment services bring similar benefits—not needing to carry cash or write a check. But there are distinct advantages and setbacks for some of the leading products as well.
[$$] Why Apple and J.P. Morgan Are Chasing Venmo
Tue, 27 Jun 2017 04:42:42 +0000
Big tech and finance firms are charging into person-to-person payments with little regard for making money, believing such services will be vital to getting and keeping consumers.
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