Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $187.50 short call and a strike $192.50 long call offers a potential 48.81% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $187.50 by expiration. The full premium credit of $1.64 would be kept by the premium seller. The risk of $3.36 would be incurred if the stock rose above the $192.50 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 27.16 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
Trump Puts Tech in Trade War Crosshairs With Planned Curb on China Investment
Mon, 25 Jun 2018 09:50:00 +0000
President Donald Trump is preparing a series of efforts to limit China's ability to invest in the U.S. tech sector, multiple media reports have suggested, putting the sector front-and-center in the brewing trade war between Washington and Beijing. The Wall Street Journal first reported Monday that the President will use the wide-reaching International Emergency Economic Powers Act of 1977 to invoke national security concerns to limit the ability of China-owed or China-backed firms to invest in U.S. companies that are linked to “industrially significant” U.S. technology. The reports also said that the U.S. Treasury and Commerce Departments, as well as the National Security Council, were drafting plans to introduce “enhanced” export controls, that could be unveiled as early as this week, to keep American technology from finding its way to China.
Apple News Launches 2018 Midterm Elections Section
Mon, 25 Jun 2018 09:30:00 +0000
Apple® today announced a new 2018 Midterm Elections section in Apple News®, providing a new resource for timely, trustworthy midterm election information and helping news seekers access the most important reporting and analysis from a diverse set of publishers. The 2018 Midterm Elections section helps readers follow the latest on the elections with breaking news, exclusive highlights and analysis from reliable sources selected by Apple News’ team of experienced editors. Readers can quickly get up to speed on the most relevant topics and candidates by accessing the new section in the Apple News app from a banner across the top of the For You tab, as well as through Top Stories and the Spotlight tab.
EU Crackdown Hasn’t Made U.S. Tech Change Its Behavior
Mon, 25 Jun 2018 06:00:14 +0000
A pattern is emerging in the war between the European Union’s antitrust authorities and U.S. tech companies. The changes that Google and Apple made after adverse rulings and large fines appear to be little but window-dressing, and left intact the problems the penalties were intended to solve. In June 2017, the European Commission fined Google 2.4 billion euros ($2.8 billion) for giving priority to its price comparison service, Google Shopping, over rival services in search results.
Spotify, Amazon, Apple or YouTube? The Streaming-Music Showdown
Sun, 24 Jun 2018 23:50:19 +0000
Streaming services offer more music and far better tools to find and play it. Which streaming service should you use, though? For starters, there are many players in the music-streaming space, yet only four true contenders exist: Spotify, Apple Music, Amazon Music and Google’s new YouTube Music.
Stock-market leaders yet to be undercut by trade-war fears
Sun, 24 Jun 2018 21:00:12 +0000
The threat of a full-blown trade war isn’t having the impact on investor sentiment and stock prices that might be expected judging by double-digit gains for the Nasdaq and modest but positive returns for …
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