Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $190.00 short put and a strike $185.00 long put offers a potential 42.86% 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 $190.00 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 dropped below the $185.00 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 75.27 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
Wall Street veteran who flagged Apple at $1.14 a share says these 5 overlooked stocks are buys
Thu, 26 Jul 2018 09:20:00 +0000
Would you be interested in a stock-market adviser who recommended Apple in 2002 at a split-adjusted price of $1.14? Meanwhile, the comparable total return of the S&P 500 (AMC) is 9.6% annualized. The veteran adviser is George Putnam, editor of “The Turnaround Letter” investment advisory service.
Qualcomm's $44 billion NXP offer deadline passes, no word from China
Thu, 26 Jul 2018 07:36:17 +0000
SAN FRANCISCO/BEIJING (Reuters) – The deadline for Qualcomm Inc (QCOM.O) to buy NXP Semiconductors (NXPI.O) passed at midnight U.S. eastern time without any word on Chinese regulatory approval, likely shutting the door on a deal embroiled in a bitter U.S.-China spat. Qualcomm had said earlier in the day that it would drop its $44 billion bid for NXP – the world's biggest semiconductor takeover – unless it received a last minute reprieve. If the deal is terminated, Qualcomm will pay a $2 billion deal breakup fee to NXP no later than 09:00 ET on July 26.
Qualcomm confirms Apple likely to drop its modems in next iPhone
Wed, 25 Jul 2018 23:02:40 +0000
Qualcomm confirms Apple likely to drop its modems in next iPhone
Will Spotify Stock Move Higher After Its Second-Ever Earnings Report?
Wed, 25 Jul 2018 22:54:10 +0000
After suffering sharp losses in early morning trading, Spotify (SPOT) shares fought to finish just above their previous close on Wednesday, the last day before the music streaming giant is scheduled to release its second-ever earnings report as a publicly-traded company. Here's what to expect on Thursday morning.
Ripple Effects of Facebook Slump Already Spreading
Wed, 25 Jul 2018 22:49:00 +0000
Facebook's revenue disappointment put the stock into a nosedive that's already being felt elsewhere.
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