Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $555.00 short call and a strike $565.00 long call offers a potential 43.88% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $555.00 by expiration. The full premium credit of $3.05 would be kept by the premium seller. The risk of $6.95 would be incurred if the stock rose above the $565.00 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 52.91 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Apple
How Many New iPhones Does Apple Inc. Have Up Its Sleeve?
Sat, 25 Jan 2014 23:01:56 GMT
Motley Fool – Apple might have another pair of larger iPhones in the pipeline for a 2014 release. Investors are right to be excited about this possible product launch.
Apple faces pressure to return cash
Sat, 25 Jan 2014 21:30:23 GMT
BLU's new midrange VIVO phone is thin, gaudy and costs $250
Sat, 25 Jan 2014 20:04:00 GMT
Engadget – Nokia and Apple aren't the only ones making brightly colored phones, you know. Upstart Android manufacturer BLU has just released a new midrange handset, called the Vivo 4.8 HD, that's sure to appeal to …
A Super Bowl Estimate With a Life of Its Own
Sat, 25 Jan 2014 18:09:29 GMT
New York Times – Many say that the 2014 Super Bowl will have grand economic benefits for New York and New Jersey, even if they can’t define what those benefits are.
Munster: Apple’s iPhone Prices Suggest Healthy Demand
Sat, 25 Jan 2014 17:35:07 GMT
Wall St. Cheat Sheet – Apple’s unlocked iPhone pricing strategy suggests that the devices have been selling well in the U.S. and various other overseas markets.
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