Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $113.00 short call and a strike $118.00 long call offers a potential 26.26% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $113.00 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock rose above the $118.00 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 37.08 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
Samsung Boots Up Its Smart Home Division
Fri, 12 Dec 2014 02:00:13 GMT
Apple Co-Founder Traded His Shares for Gold. Why That Was a Horrible Investment, in 1 Chart
Fri, 12 Dec 2014 00:42:01 GMT
Canada Competition Agency Examines Apple Unit
Thu, 11 Dec 2014 23:39:47 GMT
Your first trade for Friday
Thu, 11 Dec 2014 23:22:18 GMT
Protesters storm Apple campus urging better working conditions for service workers
Thu, 11 Dec 2014 23:13:13 GMT
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