Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $97.00 short call and a strike $102.00 long call offers a potential 54.8% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.00 by expiration. The full premium credit of $1.77 would be kept by the premium seller. The risk of $3.23 would be incurred if the stock rose above the $102.00 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 25.77 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Apple
Google shelling out $1 billion just to stay on Apple’s iPhone: report
Fri, 22 Jan 2016 12:10:33 GMT
MarketWatch – The search engine paid $1 billion to Apple in 2014 just to keep its Google search on iPhones, say court documents seen by Bloomberg News.
Apple Boosts TSMC’s Earnings to Record High in 2015
Fri, 22 Jan 2016 12:06:12 GMT
Technology: The Fourth Industrial Revolution
Fri, 22 Jan 2016 12:05:16 GMT
Instant Analysis: Taiwan Semiconductor Notches a Q4 Earnings Beat
Fri, 22 Jan 2016 11:43:00 GMT
Motley Fool – The company's earnings are better than expected, despite a year-over-year slump.
Peak iPhone? Analysts Say Sales Set To Drop
Fri, 22 Jan 2016 11:33:54 GMT
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