Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $100.00 short call and a strike $105.00 long call offers a potential 33.33% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock rose above the $105.00 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 46.69 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 iWatch To Be Unveiled At iPhone 6 Launch
Tue, 09 Sep 2014 07:41:49 GMT
Will Bigger Screens Mean Bigger Profits for Apple?
Tue, 09 Sep 2014 07:16:57 GMT
Why the iPhone 6 Is Important for Apple
Tue, 09 Sep 2014 07:12:10 GMT
Buy the Apple supply chain on iPhone 6 launch: Pro
Tue, 09 Sep 2014 07:00:00 GMT
Could Apple’s Mobile Payment System Be a Game Changer?
Tue, 09 Sep 2014 06:25:14 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook