Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $207.50 short call and a strike $212.50 long call offers a potential 81.82% 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 $207.50 by expiration. The full premium credit of $2.25 would be kept by the premium seller. The risk of $2.75 would be incurred if the stock rose above the $212.50 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 55.11 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
More Airlines Ban MacBook Pros in Checked Luggage
Wed, 28 Aug 2019 05:02:59 +0000
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Restrictions on MacBook Pro laptops on flights spread, with Qantas Airways Ltd. barring some models from checked-in luggage on concern that batteries could catch fire.All 15-inch versions of Apple Inc.’s MacBook Pro must be carried in the cabin and switched off, Qantas said in a statement Wednesday. The rule went into effect Tuesday morning. Rival Virgin Australia Holdings Ltd. went further on Aug. 26, banning all Apple laptops from checked-in luggage.Australia’s two biggest airlines join a growing list of carriers and jurisdictions across the world cracking down on the portable computers out of concern some could self-combust.The models in question are some 15-inch MacBook Pros sold from September 2015 to February 2017. Apple issued the recall in June, saying “in a limited number of older generation 15-inch MacBook Pro units, the battery may overheat and pose a fire safety risk.”Singapore Airlines Ltd. and Thai Airways International PCL have already stopped passengers from taking any of the affected models on their aircraft.The U.S. Federal Aviation Administration earlier this month said it alerted major U.S. airlines about Apple’s recall. The FAA reminded airlines to follow 2016 safety instructions for goods with recalled batteries, which means the affected Apple laptops should not be taken on flights as cargo or carry-on baggage.The European Union Aviation Safety Agency issued its own warning about these MacBook Pro models on Aug. 1.While there have been repeated incidents of phones, laptops and other devices overheating and catching fire in planes’ passenger compartments, a fire hasn’t ever gone out of control. There have been at least three accidents, two of them fatal, on cargo airlines since 2006 in which lithium batteries were suspected of causing fires.To contact the reporter on this story: Angus Whitley in Sydney at awhitley1@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Reed Stevenson, Angus WhitleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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