Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $145.00 short put and a strike $135.00 long put offers a potential 17.65% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $8.50 would be incurred if the stock dropped below the $135.00 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
LG Display Boosts OLED Investment in Move That Could Support Apple Supply Chain
Tue, 25 Jul 2017 09:25:00 +0000
LG Display Plans $13.5 billion OLED expansion
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Tue, 25 Jul 2017 06:00:18 +0000
Mac and iOS users needing to install previously purchased Apple App Store programs just need to know where to look. Here's how to reload such apps on new and reformatted Macs, iPhones, and iPads.
[$$] Apple Supplier Foxconn Looks at Producing Display Panels in Wisconsin
Tue, 25 Jul 2017 04:56:37 +0000
Taiwan’s Foxconn Technology Group, which assembles Apple’s iPhones, is nearing a decision to invest in Wisconsin and could hold an event in Washington, D.C., as soon as this week to discuss U.S. investment …
Corning Looks to Sustain Its Momentum
Tue, 25 Jul 2017 01:28:00 +0000
The glass technology specialist will offer second-quarter results later this week. Here's what to watch.
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