Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $205.00 short put and a strike $195.00 long put offers a potential 19.62% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $205.00 by expiration. The full premium credit of $1.64 would be kept by the premium seller. The risk of $8.36 would be incurred if the stock dropped below the $195.00 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 75.65 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
Why Can’t Europe Do Tech?
Thu, 16 Aug 2018 04:01:18 +0000
Jeez, Europe, what more do you need? The heyday of Nokia Corp. and Ericsson AB is a distant memory, and Europe doesn’t have anything remotely comparable to Apple, Amazon, Alphabet, Microsoft, or Facebook, or Alibaba or Tencent, companies with market values ranging from $400 billion to $1 trillion and counting. China’s national champions are struggling to expand in markets for which they haven’t adequately tailored their services.
Apple accused of pressuring game rivals in Japan – Nikkei
Thu, 16 Aug 2018 03:21:41 +0000
Japanese regulators are investigating Apple Inc over allegations it unfairly pressured Yahoo Japan Corp to slow the expansion of its online games platform, which competes with Apple's App Store, Japanese media reported on Thursday. The Fair Trade Commission (FTC) is looking at whether Apple interfered in Yahoo Japan's operations by pressuring it to cut back on developing its Game Plus web-based service which enables users to stream games without downloading apps, the Nikkei newspaper reported. Apple did not immediately respond to requests for comment.
Here's How You Can Still Make Money From Apple’s Supply Chain
Thu, 16 Aug 2018 02:48:00 +0000
This company is still getting a solid boost from Apple's devices.
Apple Pay Looks Hugely Successful
Thu, 16 Aug 2018 01:10:00 +0000
Expanding markets and increased consumer acceptance drive the service's growth.
NetApp Earnings, Revenue Beat in Q1
Wed, 15 Aug 2018 23:18:07 +0000
Investing.com – NetApp (NASDAQ:NTAP) reported first quarter earnings that beat analyst's expectations on Wednesday and reported revenue that topped forecasts.
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