Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $145.00 short call and a strike $150.00 long call offers a potential 69.49% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $145.00 by expiration. The full premium credit of $2.05 would be kept by the premium seller. The risk of $2.95 would be incurred if the stock rose above the $150.00 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 26.85 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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Wed, 28 Jun 2017 09:48:59 +0000
Apple Inc.’s plans to celebrate 10 years of the iPhone with three phones instead of two and new features like wireless charging and facial-recognition tech raise a question: What could possibly go wrong?…
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Wed, 28 Jun 2017 09:20:36 +0000
A new ransom ware cyber attack hit over 300,000 computers, primarily in Russia, Ukraine, and Europe. Some portions of the software seems to have been taken from the NSA. The attack is similar to the “WannaCry” …
Tech Stocks from Briefing.com
Wed, 28 Jun 2017 09:00:18 +0000
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New Market Regulations Will Make Things Worse For China
Wed, 28 Jun 2017 08:42:00 +0000
As usual government interference in markets will do little to help and much to hurt.
[$$] U.S. Tech Firms Feel the Heat in Europe
Wed, 28 Jun 2017 04:57:02 +0000
From Google to Apple, top American tech companies have been on the receiving end of tough EU decisions in recent years. Experts and regulators say it isn’t about bias, it’s because they’re dominant in …
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