Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $131.00 short put and a strike $126.00 long put offers a potential 35.87% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $131.00 by expiration. The full premium credit of $1.32 would be kept by the premium seller. The risk of $3.68 would be incurred if the stock dropped below the $126.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Apple is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Apple is bullish.
The RSI indicator is at 67.9 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
Square and PayPal Shouldn't Fear Google's Fintech Push
Thu, 31 Dec 2020 22:44:04 +0000
Google is expanding Google Pay with new features, but it still faces an uphill battle against the two growing fintech companies.
The Best and Worst Dow Stocks From 2020
Thu, 31 Dec 2020 22:40:50 +0000
We look at the performance of all 30 Dow Jones stocks in 2020, including those that led the average's march to new heights … and those that weighed it down.
There’s Reason to Be Hopeful About Intel Stock in 2021. Here’s Why.
Thu, 31 Dec 2020 22:00:00 +0000
Shares of Intel fell 17% in 2020, despite increased demand for computing power. Activist investor Dan Loeb could force the company to shake things up in 2021
Apple Leads Dow Jones Stocks In 2020 But Q4 Winner Dominates
Thu, 31 Dec 2020 21:44:02 +0000
The stock market tumbled in March amid the coronavirus crash. But Dow Jones stocks finished the year strong, as the index hit another record high on the last day of the year.
Dow Jones Stocks To Buy And Watch In December 2020: Apple Eyes New Buy Point
Thu, 31 Dec 2020 21:07:33 +0000
Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in December 2020.
Related Posts
Also on Market Tamer…
Follow Us on Facebook