Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $152.50 short call and a strike $157.50 long call offers a potential 42.86% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $152.50 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock rose above the $157.50 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 66.02 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
U.S. stocks poised to squeeze in a gain as strong July closes out
Mon, 31 Jul 2017 09:54:43 +0000
A strong July is about to close out, and U.S. stock futures are hinting of just a few more gain in store for Monday, as investors weigh up fresh China data and U.S. data still to come.
Tech Stocks from Briefing.com
Mon, 31 Jul 2017 09:00:19 +0000
Tech Stocks from Briefing.com
Apple removes VPN apps in China as Beijing doubles down on censorship
Mon, 31 Jul 2017 08:14:55 +0000
Apple pulled several VPN apps from its App Store in China, which it said did not meet new regulation requirements.
Apple earnings: How long will iPhone sales be on ‘pause’?
Mon, 31 Jul 2017 07:52:45 +0000
Apple Inc. is expected to launch its most elaborate and expensive iPhone yet in a few months, but those expectations are not helping iPhone sales right now.
[$$] Daily briefing: MUFG makes Brexit plans, Pimco's ‘remarkable turnaround' and how to demand equal pay
Mon, 31 Jul 2017 05:12:51 +0000
Sign up to receive FirstFT by email here MUFG, Japan's biggest bank, plans to choose Amsterdam as its new EU base for its investment banking operations to manage the disruption of Brexit. Many of the world's …
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