Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $112.00 short call and a strike $117.00 long call offers a potential 19.9% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $112.00 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock rose above the $117.00 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 28.12 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
Tech Stocks from Briefing.com
Thu, 10 Nov 2016 10:00:12 GMT
Samsung's biotech unit debuts in Seoul. Here's what to know.
Thu, 10 Nov 2016 08:10:31 GMT
[$$] Silicon Valley Braces for Uncertainty After Donald Trump’s Victory
Thu, 10 Nov 2016 05:10:36 GMT
[$$] Silicon Valley Braces for Uncertainty After Trump's Victory
Thu, 10 Nov 2016 05:05:35 GMT
PRESS DIGEST- New York Times business news – Nov 10
Thu, 10 Nov 2016 05:00:58 GMT
Reuters – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. – The State of New Jersey moved on Wednesday to take …
Related Posts
Also on Market Tamer…
Follow Us on Facebook