Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $150.00 short put and a strike $140.00 long put offers a potential 13.51% 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 $150.00 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $8.81 would be incurred if the stock dropped below the $140.00 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 61.4 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
7 Things That'll Be Completely Different About the iPhone 8
Tue, 15 Aug 2017 10:00:00 +0000
This might be Apple's biggest advancement in the history of iPhone.
The coming Apple Watch won't need to be linked to an iPhone to make calls
Tue, 15 Aug 2017 06:20:43 +0000
The Apple Watch will not require tethering to an iPhone for key functions like calls, messaging, and streaming music.
[$$] Business leaders abandon Trump over Charlottesville
Tue, 15 Aug 2017 05:18:19 +0000
President Donald Trump condemned white supremacist groups by name for the first time on Monday after violent protests in Virginia, but a two-day delay before he acted prompted harsh criticism from business …
Apple, Up 38% in 2017, Left Trailing by Alibaba, Tencent
Tue, 15 Aug 2017 04:55:27 +0000
China's top two internet companies have gained about 70 percent
[$$] Garmin’s Smartwatches Tick the Right Boxes
Tue, 15 Aug 2017 04:30:16 +0000
Smartwatches have been a turbulent business, but Garmin has mapped out a profitable and growing niche despite strong competition from companies like Apple and Fitbit.
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