Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $500.00 short put and a strike $490.00 long put offers a potential 36.05% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $500.00 by expiration. The full premium credit of $2.65 would be kept by the premium seller. The risk of $7.35 would be incurred if the stock dropped below the $490.00 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
Apple's $17.5 Billion iWatch Opportunity
Wed, 05 Feb 2014 03:04:13 GMT
Motley Fool – What kind of revenue could Apple's iWatch generate in its first year? Its revenue ramp could even trump the iPad according to one analyst.
Microsoft's new CEO gets handsome pay package
Wed, 05 Feb 2014 02:46:37 GMT
USA TODAY – Satya Nadella, Microsoft's newly appointed CEO, is getting a serious pay bump.
Duped By Earnings? Why Apple Fell
Wed, 05 Feb 2014 02:46:03 GMT
Motley Fool – With Apple falling nearly 8% after releasing earnings, you'd imagine on the results must have been pretty bad, but with one quick glance at earnings per share figure (EPS) shows the company earned $14.50 …
3 Tech Stocks Transforming Content Delivery
Wed, 05 Feb 2014 02:30:00 GMT
Motley Fool – Tech companies are building their future on how well they deliver content.
[$$] Apple Gains No Sympathy in Fighting Monitor
Wed, 05 Feb 2014 02:12:31 GMT
The Wall Street Journal – Apple's effort to restrain a court-appointed monitor—whom the company calls expensive and intrusive—met with little sympathy in appellate court.
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