Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $495.00 short put and a strike $485.00 long put offers a potential 56.25% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $495.00 by expiration. The full premium credit of $3.60 would be kept by the premium seller. The risk of $6.40 would be incurred if the stock dropped below the $485.00 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 68 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Apple
Samsung Loses to Apple, Again
Fri, 18 Oct 2013 01:37:04 GMT
Wall St. Cheat Sheet – A U.S. magistrate ordered Samsung to produce information concerning the extent it violated Apple smartphone patents.
[$$] Digits | WSJ.com/digits
Fri, 18 Oct 2013 01:29:17 GMT
The Wall Street Journal – EBay Inc. hired an Apple Inc. e-commerce executive to head a new group that will manage new products for the company's core marketplace business. R.J. Pittman will be chief product officer, reporting to …
Apple retains multitouch patent thanks to Patent Office ruling, forces competition to seek alternatives
Fri, 18 Oct 2013 00:39:00 GMT
Engadget – Sorry, anonymous Apple multitouch patent challenger — your victory isn't only temporary, it's also short-lived. The US Patent Office has decided to uphold patent No. 7,479,949 after tentatively invalidating …
Apple CFO Oppenheimer Says New Carbon-Balanced ‘Campus 2′ Will Foster Collaboration
Thu, 17 Oct 2013 23:49:00 GMT
TechCrunch – “We can’t wait to get our people closer together, we’re a very collaborative company. One of the beauties of Apple Campus 2 is that it will be walkable. It will be great for us to innovate in for decades …
Warren Buffett Thinks Apple Is Doing Just Fine
Thu, 17 Oct 2013 23:04:17 GMT
Motley Fool – The world's greatest investor gives Apple his approval.
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