Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $114.00 short put and a strike $109.00 long put offers a potential 14.16% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $114.00 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $4.38 would be incurred if the stock dropped below the $109.00 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 35.72 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
At Last, A Wearable You Will Want To Wear
Mon, 17 Aug 2015 06:53:00 GMT
Forbes – Video I admire designers in the fashion industry, because they constantly have to innovate to survive. Curiously, with all the talk about innovation, we are by default, referring to the tech industry. Although the fashion industry is probably the most innovative industry, they lag in their use of technology. I recently
Samsung Slumps to 10-Month Low on Disappointment With Phones
Mon, 17 Aug 2015 06:23:59 GMT
Berkshire Hathaway, Disney, Apple: Doug Kass' Views
Mon, 17 Aug 2015 05:00:00 GMT
BABA, YHOO, GIS, SWKS: Jim Cramer's Views
Mon, 17 Aug 2015 05:00:00 GMT
PRESS DIGEST- New York Times business news – Aug 17
Mon, 17 Aug 2015 04:23:54 GMT
Reuters – The Cabinet Office said gross domestic product fell at an annualized rate of 1.6 percent in the three months through June. * Chancellor Angela Merkel said she expected the International Monetary Fund to participate in the new bailout for Greece as Germany's Parliament prepared to vote on the package this week. * The National Security Agency's ability to spy on vast quantities of Internet traffic passing through the United States has relied on its extraordinary, decades-long partnership with a single company: the telecom giant AT&T Inc. While it has been long known that American telecommunications companies worked closely with the spy agency, newly disclosed NSA documents show that the relationship with AT&T has been considered unique and especially productive.
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