Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $170.00 short put and a strike $160.00 long put offers a potential 16.55% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.42 would be kept by the premium seller. The risk of $8.58 would be incurred if the stock dropped below the $160.00 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 73.12 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
S. Korea Joins List of Countries Investigating Apple for Slowing Down Phones
Mon, 22 Jan 2018 10:27:00 +0000
The country’s prosecutors launched an investigation after a local consumer group accused Apple of scamming customers into buying new iPhones.
Global Stocks Muted After U.S. Government Shutdown
Mon, 22 Jan 2018 08:37:34 +0000
Global stock markets were muted on Monday as a U.S. federal government shutdown was poised to stretch into a third day.
Asian markets steady as U.S. shutdown rages on; Apple suppliers take a hit
Mon, 22 Jan 2018 08:09:15 +0000
Asian stocks were largely muted early Monday following the federal government shutdown in the U.S., but South Korea’s benchmark index slipped on fresh worries about iPhone demand.
Apple Teams with Malala Fund to Support Girls’ Education
Mon, 22 Jan 2018 05:00:00 +0000
Apple® and Malala Fund today announced that Apple will become the fund’s first Laureate partner, enabling a significant expansion of Malala’s effort to support girls’ education and advocate for equal opportunity.
Samsung Report ‘Confirms' Significant Galaxy S9 Design Changes
Mon, 22 Jan 2018 01:20:00 +0000
Samsung's Galaxy S9 most surprising new features have leaked…
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