Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $205.00 short put and a strike $200.00 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 $205.00 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock dropped below the $200.00 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 66.95 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
Dow Jones Futures: Beyond Meat Leads 5 Key Movers; Apple Earnings Loom
Tue, 30 Jul 2019 09:56:08 +0000
Dow Jones futures: Beyond Meat stock dived late on mixed results and a share offering. RingCentral, Chegg rallied on earnings after closing in buy range. Apple earnings are on tap.
The 3D Hero That Saved Sony
Tue, 30 Jul 2019 08:12:42 +0000
(Bloomberg Opinion) — Smartphone makers are so desperate to lure unenthusiastic shoppers that they’re throwing all sorts of novelties into their gadgets. Just witness Samsung Electronics Co.’s bumbling attempt to bring out a foldable device.But as long as the likes of Apple Inc. and Huawei Technologies Co. keep this up, manufacturers of that “wow factor” technology can make a pretty penny.Sony Corp. just posted operating income that beat estimates by around 30%, largely thanks to the division that makes 3D sensors for smartphone cameras.While the Japanese company is best known for its games, music and movies, it’s the imaging and sensors unit that outshone all others. Earnings for the business shot up 70% from a year earlier, the largest percentage increase for any of the company’s divisions. Back in December, Sony executive Satoshi Yoshihara foreshadowed an increase in output of 3D sensors, a subset of the various image sensors that the company offers. Since then, Huawei has been reported to choose Sony imaging components for both its Honor 20 Pro and Mate P30 handsets. Apple also showed interest in the company’s 3D sensors, according to Bloomberg News. This desperation to be fresh could be a welcome development for Sony. Its games division is looking weaker – the company just trimmed the unit’s full-year sales forecast – so executives will be relying more heavily on smartphone makers. Apple and Huawei may be hoping that augmented reality and 3D give their devices just enough zing to convince folks to part with their money. For now, focusing on sensors could be Sony’s sharpest strategy. To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Capital One, Apple, AMD, Beyond Meat, Federal Reserve – 5 Things You Must Know
Tue, 30 Jul 2019 05:30:00 +0000
U.S. stock futures point lower on Tuesday, the first day of a critical two-day meeting of the Federal Reserve, and ahead of quarterly earnings from tech giant Apple; the earnings calendar also includes reports from Merck, Procter & Gamble, Mastercard and AMD; Capital One says a hacker got access to the personal information of more than 100 million of its credit card customers and applicants.
Dow Futures Drift Lower as Investors Await Apple Earnings, Fed Rate Decision
Tue, 30 Jul 2019 05:26:00 +0000
U.S. equity futures edged lower Tuesday as investors prepared for another heavy slate of corporate earnings, highlighted by Apple's third quarter report after the close of trading, and eyed weakening growth and sentiment data in major economies around the world.
Apple Earnings: 3 Questions for Tim Cook
Tue, 30 Jul 2019 01:45:00 +0000
Here's what investors want to know from the tech giant's CEO.
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