Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $106.00 short put and a strike $101.00 long put offers a potential 21.95% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $106.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock dropped below the $101.00 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 75.23 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 Watch Set For Spring Debut, ‘iPad Pro' Later In 2015
Mon, 03 Nov 2014 07:24:00 GMT
[$$] Overheard: Apple Pay Could Be Muscling In On Samsung
Mon, 03 Nov 2014 06:02:23 GMT
The Wall Street Journal – Apple appears to be getting its iPhone “everywhere you want to be.” Assuming you make high-end mobile phones, one of those locations would likely be in the hands of the world’s biggest credit-card firm….
With Magazine, CNET Tech Site Makes Jump From Screen to Page
Sun, 02 Nov 2014 22:03:38 GMT
Why Apple has to keep reinventing itself
Sun, 02 Nov 2014 21:29:37 GMT
Fortune – Eventually the core profit centers of even the best high tech companies will run out of steam.
Apple's 5 Biggest Catastrophes Of The Last 5 Years
Sun, 02 Nov 2014 17:27:56 GMT
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