Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $530.00 short call and a strike $540.00 long call offers a potential 49.25% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $530.00 by expiration. The full premium credit of $3.30 would be kept by the premium seller. The risk of $6.70 would be incurred if the stock rose above the $540.00 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 27.94 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Apple
Here's Why Apple Shouldn't Bring iTunes to Android
Tue, 15 Apr 2014 13:16:33 GMT
Motley Fool – It would be a poor business decision for Apple to bring iTunes to competing platforms such as Android.
[$$] Samsung Says Branding Drove Gains
Tue, 15 Apr 2014 13:02:47 GMT
The Wall Street Journal – A Samsung executive testified that its gains in the U.S. smartphone market are the result of a strategy shift begun in 2011, not because it “followed” Apple's iPhone. It was the first courtroom …
OpenTV, Nagra Pile Another Patent Suit On Netflix As They Gear Up For Apple Fight
Tue, 15 Apr 2014 12:41:33 GMT
If Apple Is A Veblen Brand Then Raise The Price Of The Next iPhone By $100
Tue, 15 Apr 2014 12:41:00 GMT
Apple Patents Indoor Navigation System Based On Existing Wi-Fi Access Points
Tue, 15 Apr 2014 12:24:58 GMT
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