Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $187.50 short call and a strike $192.50 long call offers a potential 25.63% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $187.50 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $3.98 would be incurred if the stock rose above the $192.50 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 23.46 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
A new smartphone found a novel way to make the entire front of the phone one giant screen
Wed, 27 Jun 2018 09:00:25 +0000
If you’ve purchased a smartphone in the last year, or even seen pretty much any smartphone released in that time, you’ve probably noticed a new design trend. In a bid to make their screens as big as possible, manufacturers have been finding ways to wrap their displays around the front-facing cameras. Apple introduced the much-copied…
U.S. Tech Stocks Weaken as Lawmakers Push for Tighter Foreign Investment Rules
Wed, 27 Jun 2018 08:48:00 +0000
U.S. tech stocks traded lower in pre-market dealing Wednesday after lawmakers passed a bill to limit foreign investment in the sector and two prominent Senators urged President Donald Trump to take a tougher stance on China's ZTE Corp in the interest of national security. The U.S. House of Representatives passed one of two bills workings its way through Congress late Tuesday that proposed broader powers to the U.S. Committee on Foreign Investment, which probes potential corporate partnerships and takeover by foreign companies. Senators Mark Warner and Marco Rubio, meanwhile, urged the President to reconsider an earlier agreement with ZTE that allows the China-backed telecoms giant to continue operating with U.S. component providers once its pays a $1 billion fine and overhauls is management and oversight.
Trade war or not, China Inc already reining in American brands
Wed, 27 Jun 2018 06:24:37 +0000
As Beijing and Washington veer towards a full-blown trade war, American brands in China face what may be an even bigger threat: local rivals armed with innovative products and the Chinese government's blessing. American household names like Apple, Starbucks and Procter & Gamble's Pampers are seeing their dominance challenged, a potential threat to the hundreds of billions of dollars U.S. firms make in China. According to an analysis of data from Bain and Kantar, local brands snatched almost three-quarters of China's 639 billion yuan ($97 billion) market for fast-moving consumer goods – a category that includes items like soft drinks and shampoo – last year, up from two-thirds in 2013.
A book about Steve Jobs put Xiaomi founder Lei Jun on the road to a $6 billion IPO
Wed, 27 Jun 2018 03:42:06 +0000
Some successful tech entrepreneurs can pinpoint the exact moment they realized they wanted to start a company. For Lei Jun—whose company Xiaomi is gearing up for a massive IPO in Hong Kong—it all started with a book. In 1987 Lei was a student at Wuhan University’s computer science department, which he enrolled in because his…
Apple co-founder Steve Wozniak says the hype around blockchain signals a bubble
Wed, 27 Jun 2018 00:39:00 +0000
Steve Wozniak, who founded Apple with Steve Jobs, says the buzz around blockchain smacks of the over-excitement seen in the dotcom era. “It was a bubble, and I feel that way about blockchain,” Wozniak said at the NEX technology conference in New York. Wozniak said blockchain technology has real potential but, like the internet, could take longer than expected to catch up to its early hype.
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