Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $112.00 short put and a strike $107.00 long put offers a potential 31.58% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $112.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $107.00 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 66.92 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
Tech Stocks from Briefing.com
Thu, 22 Sep 2016 09:00:25 GMT
[$$] Apple offers mixed signals on auto strategy
Thu, 22 Sep 2016 07:56:19 GMT
Financial Times – Apple's multibillion-dollar investment in its new campus has been well documented: camera drones fly over the construction site of the circular building, which was designed by Sir Norman Foster alongside …
Supercar firm McLaren approached by Apple – but denies it is in talks
Thu, 22 Sep 2016 07:04:00 GMT
[$$] ‘Pokémon Go’ Ends Its Reign at No. 1
Thu, 22 Sep 2016 04:38:57 GMT
[$$] Japan Could Divest Itself of Stake in iPhone-Display Maker
Thu, 22 Sep 2016 04:38:52 GMT
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