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 $145.00 long put offers a potential 17.37% return on risk over the next 15 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 $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock dropped below the $145.00 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 at 36.3 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
Europe Sues Ireland Over Apple Tax Bill; Orders Amazon Repay $300M to Luxembourg
Wed, 04 Oct 2017 09:53:00 +0000
EU Competition Commissioner Margrethe Vestager slaps Ireland over Apple back tax foot-dragging.
EU takes Ireland to EU court over 13 bln euro Apple tax bill
Wed, 04 Oct 2017 09:32:53 +0000
The European Commission said on Wednesday it was taking Ireland to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple Inc. The Commission ordered the U.S. tech giant in August 2016 to pay the unpaid taxes as it ruled the firm had received illegal state aid, one of a number of deals the EU has targeted between multinationals and usually smaller EU states. “More than one year after the Commission adopted this decision, Ireland has still not recovered the money, also not in part,” EU Competition Commissioner Margrethe Vestager said in a statement.
Report: Google Pixel 2 Smartphones Are Disappointing Despite Big Bet On Hardware, Low Sales Expected
Wed, 04 Oct 2017 09:17:00 +0000
Google failed to bring any meaningful innovation to the latest generation of its Pixel smartphones that could have helped it differentiate from the market leaders (Samsung, Apple, Huawei or LG). And despite a better distribution network, sales of the Pixel 2 smartphones will remain insignificant.
Apple and Qualcomm’s Billion-Dollar War Over an $18 Part
Wed, 04 Oct 2017 08:00:18 +0000
The iPhone maker pays $2 billion a year in patent fees, and it’s had enough.
EU competition chief to speak on two state aid cases
Wed, 04 Oct 2017 07:39:56 +0000
BRUSSELS (Reuters) – European Union Competition Commissioner Margrethe Vestager will hold a news conference at 11:30 a.m. (0930 GMT) in Brussels on Wednesday on two cases of state aid, the European Commission …
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