Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $150.00 short put and a strike $145.00 long put offers a potential 40.45% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 by expiration. The full premium credit of $1.44 would be kept by the premium seller. The risk of $3.56 would be incurred if the stock dropped below the $145.00 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 above 80 which suggests that the stock is in overbought territory.
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
Tech Stocks from Briefing.com
Thu, 27 Jul 2017 09:00:22 +0000
Tech Stocks from Briefing.com
Foxconn: World's No. 1 contract electronics maker
Thu, 27 Jul 2017 08:13:41 +0000
HONG KONG (AP) — Taiwan-based contract manufacturer Foxconn Technology Group says it plans to build a $10 billion plant in Wisconsin to make liquid-crystal display panels, or LCDs. Little known to consumers, the maker of iPhones and other gadgets is a giant in the electronics industry thanks to its dominant position in the global manufacturing supply chain.
China Huawei's H1 revenue rises 15 pct, slowest in four years
Thu, 27 Jul 2017 07:45:01 +0000
Revenue grew to 283.1 billion yuan ($42.03 billion) in the first six months of 2017 from 245.5 billion yuan a year ago, Huawei, which vies with Sweden's Ericsson for the top spot globally, said in a statement. The company's operating margin fell to 11 percent from 12 percent a year ago.
[$$] Samsung Posts Record Profit After Tough Year
Thu, 27 Jul 2017 05:10:45 +0000
Samsung Electronics delivered its biggest-ever quarter of profits, shrugging off a year of tumult by leaning on its dominance as a supplier of electronics components that even its rivals can’t do without….
[$$] Foxconn to Build $10 Billion Factory in U.S.
Thu, 27 Jul 2017 05:09:46 +0000
The company, which makes iPhones and other gadgets for Apple, plans to build a plant in Wisconsin that a White House official said will initially bring 3,000 jobs to the state.
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