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 $165.00 long put offers a potential 12.11% return on risk over the next 3 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 $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock dropped below the $165.00 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 63.97 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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Mon, 16 Apr 2018 03:00:27 +0000
Doctors and nurses in Britain’s National Health Service are not supposed to have wearable fitness trackers on at work. The advice is that their wristbands are unhygienic and could facilitate the spread …
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Mon, 16 Apr 2018 00:45:00 +0000
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Sun, 15 Apr 2018 23:20:00 +0000
Apple's new iPhone X cancellation plans confirmed…
Apple iOS 11.3 Release Has A Nasty New Surprise
Sun, 15 Apr 2018 23:20:00 +0000
Apple iOS 11.3 problems go from bad to worse…
Will Apple Cut Intel Out of the iPhone?
Sun, 15 Apr 2018 21:14:00 +0000
One analyst expects that it's just a matter of time.
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