Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $225.00 short call and a strike $230.00 long call offers a potential 55.76% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $225.00 by expiration. The full premium credit of $1.79 would be kept by the premium seller. The risk of $3.21 would be incurred if the stock rose above the $230.00 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 59.51 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
Apple, Adobe, Tesla and New Trade Talks – 5 Things You Must Know
Thu, 13 Sep 2018 09:40:00 +0000
U.S. stock futures rose on Thursday, Sept. 13, and Asia stocks posted solid gains as investors reacted to a small step forward in trade negotiations between the U.S. and China. White House economic adviser Larry Kudlow told reporters that Treasury Secretary Steven Mnuchin invited top Chinese officials to re-start trade talks amid speculation that Donald Trump may delay imposing planned tariffs on $200 billion worth of China-made goods until after the mid-term elections in November because of pressure from U.S. business leaders. The economic calendar in the U.S. on Thursday includes the Consumer Price Index for August at 8:30 a.m. ET.
Apple Edges Higher as Launch Event Unveils New iPhones, Highlights AppleWatch
Thu, 13 Sep 2018 09:05:00 +0000
The world's most valuable company revealed three new additions to its smartphone lineup, including a 6.5-inch display iPhone XS Max which will retail for $1,099 and represents the biggest screen-size change in four years. Apple also tweaked its current iPhone suite by adding two more models — the XL and the XS — which will collectively raise the average selling price for its most important product to around $800. Interestingly, however, Apple chose to kick-off the event at the Steve Jobs Theater with its new, and larger, AppleWatch, a device that appears more focused towards an aging, health-conscious consumer that could add a new dimension to Apple's traditional customer base.
iPhone XS, XS Max and XR: Apple unveils its most expensive phone ever
Thu, 13 Sep 2018 09:00:16 +0000
iPhone XS, XS Max and XR: Apple unveils its most expensive phone ever
The Apple Watch is inching toward becoming a medical device
Thu, 13 Sep 2018 07:33:18 +0000
CUPERTINO, Calif. (AP) — Apple is trying to turn its smartwatch from a niche gadget into a lifeline to better health by slowly evolving it into a medical device.
Here’s What Wall Street Is Saying About Apple’s iPhone Revamp
Thu, 13 Sep 2018 07:29:27 +0000
Apple Inc.’s introduction of its latest iPhones on Wednesday was largely in line with analyst expectations. Shares of Apple were little changed in post-market trading Wednesday. Some of Apple’s Asian suppliers fell following the event.
Related Posts
Also on Market Tamer…
Follow Us on Facebook