Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $170.00 short put and a strike $160.00 long put offers a potential 17.92% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.52 would be kept by the premium seller. The risk of $8.48 would be incurred if the stock dropped below the $160.00 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 72.88 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
[$$] Apple Faces the Music
Thu, 19 Apr 2018 04:39:09 +0000
Apple’s ride to the top of the charts in the music business comes with a hefty cover charge. The world’s largest company by market value now has more than 40 million paid subscribers to its eponymous streaming service, according to an internal email last week that also announced the appointment of a new head of that business. Music has become a key contributor to Apple’s important services segment on which the company is relying to drive much of its top-line growth now that its flagship iPhone business is maturing.
Stock Market Futures Rise; Amazon Prime And This FANG Divergence Tell A Story
Thu, 19 Apr 2018 04:01:18 +0000
Amazon rallied overnight as Amazon Prime memberships have topped 100 million. Customers pay for Amazon and Netflix services. Facebook and Google users pay in data. Wall Street favors the former right now.
Study: What If China Bans Apple To Retaliate For U.S. Sanctions Against Huawei, ZTE? Massive Layoffs
Thu, 19 Apr 2018 01:55:00 +0000
If banned in China, Apple would lose overnight $47 billion in revenue and be forced to lay off up to 27,000 employees while Huawei becomes the world's largest smartphone maker.
What Is Value Investing?
Thu, 19 Apr 2018 00:06:00 +0000
Warren Buffett's favorite investing strategy made him one of the richest people in the world. Can it have a similar effect for you?
New iPhone Leak Confirms Apple's Radical Ambitions
Wed, 18 Apr 2018 23:58:00 +0000
The information comes from details released by the Eurasian Economic Commission. This regulatory body has listed a number of new Apple handsets that are not yet available (reports Malcolm Owen and others). The EEC filing, published on Tuesday, satisfies Russia's requirement for companies to register all products containing encryption and/or cryptographic tools.
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