Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $130.00 short put and a strike $120.00 long put offers a potential 5.6% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $9.47 would be incurred if the stock dropped below the $120.00 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
Apple is restructuring the way it works with its lead advertising agency
Mon, 20 Feb 2017 10:27:44 GMT
Taiwan export orders grow for 6th month as world gears up for iPhone8
Mon, 20 Feb 2017 09:19:42 GMT
Taiwan export orders grow for 6th month as world gears up for iPhone8
Mon, 20 Feb 2017 09:06:03 GMT
Reuters – Orders for Taiwan's exports rose for a sixth straight month in January on strong global demand for hi-tech gadgets such as Apple Inc's iPhones and Chinese smartphones, bolstering the government's view that economic growth could hit a three-year high this year. The export-driven economies of Taiwan and many of its Asian neighbors are benefiting from a pick-up in global growth, and particularly in demand for electronics ahead of the upcoming launch of the new iPhone 8 later this year. Export orders expanded 5.2 percent in January from a year earlier, though less than the 6.65 percent median forecast in a Reuters poll and slower than December's 6.3 percent growth.
Apple Pay Already Accepted at a Third of US Retail Outlets
Mon, 20 Feb 2017 03:12:06 GMT
Is Qualcomm Out of Danger?
Mon, 20 Feb 2017 03:09:37 GMT
Gurufocus – Ongoing recent concerns could jeopardize the NXP-Qualcomm deal
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