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 34.41% return on risk over the next 10 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 $1.28 would be kept by the premium seller. The risk of $3.72 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 43.01 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 goes on offensive in ipod antitrust trial
Thu, 11 Dec 2014 03:09:13 GMT
TSMC: November Revenue Down, Tug Of War With Samsung
Thu, 11 Dec 2014 03:04:00 GMT
Apple, IBM join forces to develop app
Thu, 11 Dec 2014 01:08:07 GMT
AAP – Apple and IBM are announcing the first fruits of a partnership aimed at developing new mobile software – and selling more mobile devices – to business customers. One new app, developed jointly by the erstwhile …
iPad Air 2 & iPad mini 3 Models with Cellular Networking Available in China Starting This Week
Thu, 11 Dec 2014 01:00:00 GMT
Business Wire – BEIJING–(BUSINESSWIRE)– Apple® today announced that models of iPad Air™ 2 and iPad mini™ 3 with cellular networking will be available in China starting this week. TD-LTE and FDD-LTE standards, as well …
iPad Air 2 & iPad mini 3 Models with Cellular Networking Available in China Starting This Week
Thu, 11 Dec 2014 01:00:00 GMT
Business Wire – Apple® today announced that models of iPad Air™ 2 and iPad mini™ 3 with cellular networking will be available in China starting this week. TD-LTE and FDD-LTE standards, as well as
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