Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $100.00 short call and a strike $105.00 long call offers a potential 14.68% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $4.36 would be incurred if the stock rose above the $105.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Apple is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Apple is bearish.
The RSI indicator is at 38.54 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
For Samsung, Apple Smartwatch Could Be a Blessing in Disguise
Wed, 10 Sep 2014 08:12:18 GMT
Apple stocks fell slightly after iPhone 6 launch event
Wed, 10 Sep 2014 07:53:12 GMT
Apple Watch went through millions of versions to satisfy users at large, Says Jony Ive
Wed, 10 Sep 2014 07:53:12 GMT
BUZZ–Apple takes a bite out of ARM
Wed, 10 Sep 2014 07:49:52 GMT
Pulling the plug: Apple's Watch a boost for wireless charging
Wed, 10 Sep 2014 07:40:46 GMT
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