Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $525.00 short call and a strike $535.00 long call offers a potential 44.93% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $525.00 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 rose above the $535.00 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 28.75 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
Apple and Microsoft Dashboards: Coming to a Car Near You
Wed, 16 Apr 2014 01:02:04 GMT
Motley Fool – Automakers may be choosing sides now, but dashboard tech is destined to embrace all entrants.
Wireless industry makes anti-theft commitment
Wed, 16 Apr 2014 00:55:56 GMT
AP – A trade group for wireless providers said Tuesday that that nation's biggest mobile device manufacturers and carriers will soon put anti-theft tools on the gadgets to try to deter rampant smartphone theft. …
Apple, Samsung and more to adopt anti-theft smartphone kill switch
Wed, 16 Apr 2014 00:29:00 GMT
Judge says 33 states can seek Apple ebook money, report cites “much work to do” on antitrust
Wed, 16 Apr 2014 00:00:34 GMT
Could This Apple iPhone 6 Rumor Be True?
Tue, 15 Apr 2014 23:32:17 GMT
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