Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $105.00 short put and a strike $97.50 long put offers a potential 8.85% 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 $105.00 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $6.89 would be incurred if the stock dropped below the $97.50 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 77.27 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
[$$] Tim Cook Pledges More Apple Investment in China
Wed, 17 Aug 2016 09:43:16 GMT
[$$] Apple to open first R&D centre in China
Wed, 17 Aug 2016 05:35:27 GMT
Financial Times – Apple plans to open its first research and development centre in China later this year, the latest in a series of steps to bolster its presence in a vital region as sales slow down. Tim Cook, Apple's chief …
Apple Announces Environmental Progress in China & Applauds Supplier Commitment to Clean Energy
Wed, 17 Aug 2016 04:21:05 GMT
noodls – View a mobile-optimized version on Apple Newsroom Lens Technology is First Supplier to Commit to 100% Renewable Energy for All Apple Operations All 14 Final Assembly Sites in China are Now Zero Waste Compliant …
China says cyber rules no cause for foreign business concern
Wed, 17 Aug 2016 04:06:03 GMT
Reuters – China's pending cyber security law will not create obstacles for foreign business, China's Foreign Ministry said, responding to concerns by international business lobbies over the planned rules. More than 40 global business groups last week petitioned Premier Li Keqiang, according to a copy of a letter seen by Reuters, urging China to revise draft cyber rules they believe are vague and discriminate against foreign enterprises. The groups say the pending rules, including a cyber security law that could be passed this year, include provisions for invasive government security reviews and onerous requirements to keep data in China.
Apple Announces Environmental Progress in China & Applauds Supplier Commitment to Clean Energy
Wed, 17 Aug 2016 04:00:00 GMT
Business Wire – BEIJING–(BUSINESSWIRE)– Apple® today announced a significant commitment by major supplier Lens Technology to run its Apple operations on entirely renewable energy. This unprecedented commitment, combined with zero waste compliance from all final assembly sites, furthers Apple’s efforts to help manufacturers lower their carbon footprint and reduce waste in China, helping to advance China’s transition to a new green economy. Lens Technology has committed to power all of its glass production for Apple with 100 percent renewable energy by the end of 2018, as part of Apple’s industry-leading supply chain clean energy program announced last year.
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