Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $600.00 short put and a strike $590.00 long put offers a potential 36.99% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $600.00 by expiration. The full premium credit of $2.70 would be kept by the premium seller. The risk of $7.30 would be incurred if the stock dropped below the $590.00 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 63.3 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
What The iPhone 6 Will Look Like Next To Its Rivals From Samsung
Thu, 22 May 2014 02:17:00 GMT
Is Google's Brand Value Greater Than Apple's?
Thu, 22 May 2014 01:50:17 GMT
Apple to occupy seven-building Sunnyvale campus
Wed, 21 May 2014 22:32:37 GMT
San Jose Mercury News – Apple has agreed to lease a 290,000-square-foot office complex in Sunnyvale where the tech giant could move about 1,450 workers, according to city documents and commercial property sources.
What Do You Want Apple to Show at WWDC 2014?
Wed, 21 May 2014 22:05:27 GMT
Apple falling behind on igniting innovation: Pro
Wed, 21 May 2014 21:03:48 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook