Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $630.00 short put and a strike $620.00 long put offers a potential 47.06% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $630.00 by expiration. The full premium credit of $3.20 would be kept by the premium seller. The risk of $6.80 would be incurred if the stock dropped below the $620.00 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
Join the Engadget HD Podcast live on Ustream at 9:30PM ET
Wed, 04 Jun 2014 00:45:00 GMT
Apple Delivers Location-Based App Suggestions On Your Lock Screen In iOS 8
Tue, 03 Jun 2014 23:55:58 GMT
Apple's WWDC Announcements Threaten Google's Dominance In Mobile Search
Tue, 03 Jun 2014 23:24:00 GMT
How Apple, Inc. Is Copying Android and Why That's a Good Thing
Tue, 03 Jun 2014 23:02:12 GMT
Motley Fool – Apple decides to take some pages out of Android's playbook with iOS 8, which could be a tacit admission that Android is doing certain things right. Can Apple get Android users to switch?
Tesla CEO Musk Says He'll Stay But Needs Batteries
Tue, 03 Jun 2014 23:01:00 GMT
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