Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $117.00 short call and a strike $122.00 long call offers a potential 20.48% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $117.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $122.00 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 52.66 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
Chinese Internet regulator welcomed at Facebook campus
Mon, 08 Dec 2014 08:36:44 GMT
Chinese Internet regulator welcomed at Facebook campus
Mon, 08 Dec 2014 08:28:20 GMT
Apple's iPhone 6 China Unicom Lead-Times
Mon, 08 Dec 2014 08:10:00 GMT
Forbes – More iPhone 6 models are Not In Stock on China Unicom's website vs. In Stock.
Steve Wozniak busts Apple garage being birthplace myth
Mon, 08 Dec 2014 05:25:39 GMT
McDonald's expands custom sandwich option
Sun, 07 Dec 2014 23:13:22 GMT
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