Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $555.00 short put and a strike $545.00 long put offers a potential 34.23% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $555.00 by expiration. The full premium credit of $2.55 would be kept by the premium seller. The risk of $7.45 would be incurred if the stock dropped below the $545.00 long put 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Apple
Carl Icahn Softens Stance on Apple's Cash
Thu, 05 Dec 2013 00:38:34 GMT
The Wall Street Journal – The activist billionaire is softening his approach to getting at Apple's bulging cash pile, now seeking a shareholder vote for a more-modest share buyback than what he proposed earlier this year.
Why Aren't Value Investors Buying Apple?
Wed, 04 Dec 2013 23:46:34 GMT
Motley Fool – The uncertainty of future earnings has clouded the company's intrinsic value.
Carl Icahn drops demand for $150bn return of Apple's cash pile
Wed, 04 Dec 2013 23:37:10 GMT
Financial Times – Carl Icahn has dropped his demand for Apple to return an extra $150bn of its cash pile to investors, after finding little support among fellow shareholders in the iPhone maker. The activist investor scaled …
Carl Icahn ups ante in crusade for Apple buyback
Wed, 04 Dec 2013 23:23:18 GMT
San Jose Mercury News – Activist investor Carl Icahn is seeking the support of Apple shareholders as he tries to pressure the iPhone maker into spending more of its cash to buy back the company's stock.
Carl Icahn ups ante in crusade for Apple buyback
Wed, 04 Dec 2013 23:18:41 GMT
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