Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $525.00 short put and a strike $515.00 long put offers a potential 38.7% 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 $525.00 by expiration. The full premium credit of $2.79 would be kept by the premium seller. The risk of $7.21 would be incurred if the stock dropped below the $515.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Apple is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Apple is bullish.
The RSI indicator is at 46.13 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
8:31 am Apple CFO Peter Oppenheimer to retire at the end of September; VP of Finance Luca Maestri will succeed him
Wed, 05 Mar 2014 13:31:00 GMT
Apple TV Is All Grown Up Now
Wed, 05 Mar 2014 03:01:57 GMT
The Apple and Tesla Alliance That Could Work
Wed, 05 Mar 2014 02:31:59 GMT
Apple's Newest Strategy to Get In Your Car
Wed, 05 Mar 2014 02:31:57 GMT
What Is Apple's Secret Project?
Wed, 05 Mar 2014 02:02:03 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook