Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $92.86 short call and a strike $97.86 long call offers a potential 27.55% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $92.86 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock rose above the $97.86 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 below 20 which suggests that the stock is in oversold territory.
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 Stock: 2 Reasons to Buy Other Than the iPhone 6
Fri, 20 Jun 2014 12:36:47 GMT
With Multiple iWatch Designs And A Host Of Sensors, Apple Could Win Over Smartwatch Skeptics
Fri, 20 Jun 2014 12:25:51 GMT
The Samsung Galaxy S5 Is Powered by Qualcomm’s First 20-Nanometer Mobile Chip
Fri, 20 Jun 2014 12:18:32 GMT
Samsung's BK Yoon talks smart homes, appliances
Fri, 20 Jun 2014 12:00:48 GMT
EU closes tax loophole for multinational firms
Fri, 20 Jun 2014 11:03:36 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook