Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $96.00 short call and a strike $101.00 long call offers a potential 18.48% 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 $96.00 by expiration. The full premium credit of $0.78 would be kept by the premium seller. The risk of $4.22 would be incurred if the stock rose above the $101.00 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 51.22 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
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Wed, 06 Aug 2014 14:01:03 GMT
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Wed, 06 Aug 2014 13:18:35 GMT
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Wed, 06 Aug 2014 12:10:00 GMT
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Wed, 06 Aug 2014 12:06:00 GMT
Forbes – Back in the day, if you were looking to start a business or creative project, you had to hit up Uncle Bob or the local bank for the first round of funding. Today, though, you can take it to the crowds to get funding for your vision. And Kickstarter, a […]
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