Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $97.14 short call and a strike $102.14 long call offers a potential 23.15% 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 $97.14 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock rose above the $102.14 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 48.9 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
Foreign security vendors can no longer bid for Chinese government contracts
Mon, 04 Aug 2014 10:36:54 GMT
paidContent.org – A Chinese government supplier list for security firms now includes only Chinese outfits, with Symantec and Kaspersky having been shown the door.
Here's The Real Reason Apple's iPad Sales Are So Awful
Mon, 04 Aug 2014 10:26:41 GMT
iOS Users Seven Times More Active Than Android Users, Suggests Net Applications
Sun, 03 Aug 2014 23:54:00 GMT
Forbes – Two numbers from recent surveys on ‘share' in the smartphone world nicely illustrate the difference between users of the Android and iOS platforms, and act as a reminder to place Android's market share dominance in perspective.
Weekly Highlights: Ford's iPhone Deal, Facebook Outage And More
Sat, 02 Aug 2014 18:34:59 GMT
US judge approves Apple's $450 million ebooks antitrust settlement
Sat, 02 Aug 2014 12:14:38 GMT
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