Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $640.00 short put and a strike $630.00 long put offers a potential 44.93% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $640.00 by expiration. The full premium credit of $3.10 would be kept by the premium seller. The risk of $6.90 would be incurred if the stock dropped below the $630.00 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
Apple Inc. WWDC Keynote: Investor-Friendly Without Trying
Fri, 06 Jun 2014 01:06:23 GMT
Another Reason Why Apple Won’t Dump Intel in the Mac Anytime Soon
Fri, 06 Jun 2014 00:04:04 GMT
Motley Fool – There's speculation that Apple is set to dump Intel in its Macs. Here's a counterargument.
Apple Steps Up Campaign to Woo China Developers
Fri, 06 Jun 2014 00:02:00 GMT
Bloomberg – Apple Inc. (AAPL) ’s effort to make China a growth hub will hinge on winning over more developers like Woody Wan. After making his first app for the smartphone in 2011, Wan found little support because Apple had few developer-relations staff in China and had only limited ways for customers to buy the programs. “Two years ago there was no developer support in China,” Wan said in an interview in San Francisco, where he was among a record number of Chinese attendees at Apple’s annual developer conference this week. Apple is now mounting a furious campaign to woo more developers in China , in a bid to replicate an ecosystem of games and other widgets that has helped it drive iPhone and iPad sales in the U.S. and elsewhere.
`Xiaomi Rising’: Bloomberg West (06/05)
Thu, 05 Jun 2014 23:03:06 GMT
Apple Shows Mobility, GM Sales Soar & RadioShack Accelerates
Thu, 05 Jun 2014 23:00:00 GMT
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