Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $130.00 short put and a strike $120.00 long put offers a potential 10.13% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $9.08 would be incurred if the stock dropped below the $120.00 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 above 80 which suggests that the stock is in overbought territory.
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
Taiwan's HTC posts seventh consecutive quarterly loss
Tue, 14 Feb 2017 10:08:23 GMT
Eddy Cue Debuts ‘Planet of the Apps' as Apple Seeks to Redefine Video
Tue, 14 Feb 2017 09:52:00 GMT
Tim Cook sparks predictions of augmented reality in Apple’s iPhone 8
Tue, 14 Feb 2017 09:29:44 GMT
Apple's Eddy Cue thinks videos are the key to its growing music subscription business
Tue, 14 Feb 2017 05:44:34 GMT
[$$] Apple Shares Hit All-Time Closing High as Investors Await Next iPhone
Tue, 14 Feb 2017 05:42:05 GMT
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