Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $525.00 short call and a strike $535.00 long call offers a potential 52.67% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $525.00 by expiration. The full premium credit of $3.45 would be kept by the premium seller. The risk of $6.55 would be incurred if the stock rose above the $535.00 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 45.14 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Apple
Samsung: Apple Lawyer Made a Racist Remark
Tue, 19 Nov 2013 23:42:04 GMT
Bloomberg – Nov. 20 (Bloomberg) –- Bloomberg's Angie Lau reports on today’s top news headlines on Bloomberg Television’s “First Up.” (Source: Bloomberg)
An iPad That's Mini in Screen Size Only
Tue, 19 Nov 2013 23:31:59 GMT
The Wall Street Journal – Apple's new iPad Mini has the same screen resolution and chip for faster processing as the iPad Air.
Is Apple using the sun to shore up a ‘fragile' consumer brand?
Tue, 19 Nov 2013 23:29:00 GMT
Fortune – FORTUNE — I learned a lot from the 3,500-word photo tour of Apple's (AAPL) North Carolina solar farms and fuel cells that Katie Fehrenbacher posted Monday on GigaOm. Apple doesn't toot its horn much about …
Boehret: iPad Mini Makes No Compromises
Tue, 19 Nov 2013 23:26:50 GMT
MarketWatch – The new iPad Mini with Retina display stacks up nicely against its big brother, Katie Boehret reports. Photo: Getty Images.
An iPad That's Mini in Screen Size Only
Tue, 19 Nov 2013 23:06:41 GMT
AllThingsD – Apple's new iPad Mini has the same screen resolution and chip for faster processing as the iPad Air.
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