Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $117.00 short call and a strike $122.00 long call offers a potential 29.87% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $117.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock rose above the $122.00 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 58.19 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 antitrust case hangs in the balance
Fri, 05 Dec 2014 05:49:14 GMT
Judge Questions Plaintiffs in Apple iPod Case
Fri, 05 Dec 2014 05:45:24 GMT
The Wall Street Journal – A federal judge Thursday questioned whether any of the plaintiffs in a long-running antitrust suit against Apple Inc. had actually bought the iPods at issue in the case.
Apple says plaintiffs' iPods not covered by suit
Fri, 05 Dec 2014 01:45:57 GMT
iTunes lawsuit: Apple says plaintiffs' iPods not covered by suit
Fri, 05 Dec 2014 00:56:11 GMT
Steve Wozniak calls Apple's legendary garage ‘a bit of a myth'
Fri, 05 Dec 2014 00:45:00 GMT
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