Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $167.50 short call and a strike $172.50 long call offers a potential 7.3% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $167.50 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock rose above the $172.50 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 24.87 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
[$$] Goldman Sachs in Talks With Apple to Finance iPhoneSales
Wed, 07 Feb 2018 10:32:05 +0000
The Wall Street firm is in talks to offer financing to shoppers buying phones, watches and other gadgets from Apple, people familiar with the matter said. Customers purchasing a $1,000 iPhone X could take …
[$$] Apple’s Bid for Data-Rich Shazam Is Drawing Scrutiny in Europe
Wed, 07 Feb 2018 05:29:48 +0000
Apple’s acquisition of song-recognition app Shazam may adversely impact competition in Europe, EU antitrust authorities said.
[$$] Apple Tells Senate It May Offer Rebates for Battery Purchases Amid iPhone Blowback
Wed, 07 Feb 2018 05:29:34 +0000
Apple, responding to U.S. Senate questions about its decision to slow performance on older iPhones, said it is considering rebates for battery replacements for some users affected by the issue.
Apple brings Alibaba-linked payment system into China stores amid market push
Wed, 07 Feb 2018 05:23:02 +0000
BEIJING/SHANGHAI (Reuters) – Apple Inc will accept Chinese mobile payment app Alipay in its local stores, boosting its ties with giant e-commerce firm Alibaba Group Holding Ltd amid a push by the iPhone maker to revive growth in the world's No.2 economy. The tie-up will make Alipay, run by Alibaba affiliate Ant Financial, the first third-party mobile payment system to be accepted at any physical Apple store worldwide, Ant Financial said in a statement on Wednesday.
3 Megacompanies Want to Shake Up Healthcare
Wed, 07 Feb 2018 02:50:00 +0000
Change could be coming if Amazon.com, Berkshire Hathaway, and JPMorgan Chase get their way.
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