Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $115.00 short put and a strike $105.00 long put offers a potential 15.07% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $1.31 would be kept by the premium seller. The risk of $8.69 would be incurred if the stock dropped below the $105.00 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 37.95 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
China could get Apple Pay by early next year
Tue, 24 Nov 2015 12:09:09 GMT
This is the risk in trusting to the Fed, dollar ‘sure thing’
Tue, 24 Nov 2015 12:08:59 GMT
Clicking ‘yes’ on a phone app can cost you a lot
Tue, 24 Nov 2015 12:00:00 GMT
Sassy woman or machine? Tech giants divided over digital assistants
Tue, 24 Nov 2015 11:14:49 GMT
Reuters – When users ask Siri, Apple’s digital assistant, what she likes to drink, she is quick with an answer. As the tech giants race to build ever better artificial intelligence platforms, they are obsessing over the nuances of their digital assistants' personalities. For users, digital assistants are a gateway to powerful artificial intelligence tools developers expect to influence major decisions about what to buy and how to spend time.
Sassy woman or machine? Tech giants divided over digital assistants
Tue, 24 Nov 2015 11:14:49 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook