Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $545.00 short put and a strike $535.00 long put offers a potential 45.99% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $545.00 by expiration. The full premium credit of $3.15 would be kept by the premium seller. The risk of $6.85 would be incurred if the stock dropped below the $535.00 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
Amazon Joins Microsoft in Bashing Apple
Tue, 03 Dec 2013 01:02:02 GMT
Motley Fool – Amazon's attacking Apple's iPad Air — just like Microsoft.
Former Nokia and Vertu designer working on ‘beautiful' smartwatch
Tue, 03 Dec 2013 00:54:59 GMT
The Verge – Frank Nuovo, the pioneering Nokia industrial designer that founded luxury phone brand Vertu, is working on a smartwatch. Quartz reports that MetaWatch will release the product in the first quarter of next year; “To me it’s about crafting beautiful products,” says CEO Bill Geiser. “That’s a word you rarely hear in the smartwatch arena — the word ‘beautiful.'”
Apple Taps Into Twitter, Buying Topsy
Tue, 03 Dec 2013 00:52:35 GMT
The Wall Street Journal – Apple has acquired social-media analytics firm Topsy Labs for more than $200 million, according to people familiar with the matter. The startup specializes in data from Twitter.
What's Topsy? Why Did Apple Buy It?
Tue, 03 Dec 2013 00:37:20 GMT
The Wall Street Journal – Topsy is one of hundreds of companies that have sprung up in recent years to mine and analyze Twitter's constant stream of news, opinion and sentiment from around the globe.
Why Apple Is Purchasing Analytics Firm Topsy
Tue, 03 Dec 2013 00:35:27 GMT
Bloomberg – Dec. 2 (Bloomberg) — Apple said it purchased data-analytics firm Topsy Labs, as Chief Executive Officer Tim Cook uses deals to add new technology for the company’s products. Jon Erlichman has more on …
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