Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $105.00 short call and a strike $115.00 long call offers a potential 6.84% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $105.00 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $9.36 would be incurred if the stock rose above the $115.00 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 40.26 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
10 Things In Tech You Need To Know This Morning
Mon, 20 Oct 2014 07:22:05 GMT
[$$] Apple’s Core Still the Main Course
Mon, 20 Oct 2014 05:33:43 GMT
The Wall Street Journal – Ahead of the Tape: Monday will mark another financial milestone for Apple Inc.—it will gain a small toehold in financial services with its Apple Pay service.
[$$] Apple Pay Rolls Out, With Holes in System
Mon, 20 Oct 2014 05:32:46 GMT
The Wall Street Journal – Apple Inc. on Monday will begin its bold undertaking to add a wallet to its iPhones. Participants include McDonald’s, Whole Foods and Walgreen. Yet the service won’t be ubiquitous overnight.
[$$] Apple Pay Rolls Out, With Holes in System
Mon, 20 Oct 2014 04:29:56 GMT
The Wall Street Journal – Apple Inc. on Monday will begin its bold undertaking to add a wallet to its iPhones. Participants include McDonald’s, Whole Foods and Walgreen. Yet the service won’t be ubiquitous overnight.
Apple Pay Has Finally Arrived! Great – But Here Are 7 Reasons It Won't Be A Slam-Dunk Success
Mon, 20 Oct 2014 04:14:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook