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 53.85% return on risk over the next 31 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 $3.50 would be kept by the premium seller. The risk of $6.50 would be incurred if the stock dropped below the $535.00 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 44.87 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
EBay dismisses Icahn proposal to spin off Paypal
Thu, 23 Jan 2014 00:50:21 GMT
Trouble pressing play hits new Beats Music service
Thu, 23 Jan 2014 00:49:13 GMT
USA TODAY – Beats Music forced to throttle access
EBay dismisses Icahn proposal to spin off Paypal
Thu, 23 Jan 2014 00:48:35 GMT
Reuters – Carl Icahn has taken a stake in eBay Inc and is proposing a spin-off of the its fast-growing PayPal division, but the e-commerce giant rebuffed the overture, setting the stage for a potential battle with the activist investor. EBay, which bought PayPal for $1.5 billion in 2002 and has considered hiving off the multibillion-dollar payments service, argued on Wednesday that the business would lose synergies with the overall e-commerce business as an independent unit. “First, eBay accelerates PayPal's success. Second, eBay data makes PayPal smarter.
iPhone Randomly Restarting? Apple's Got a Bug Fix on the Way
Thu, 23 Jan 2014 00:16:51 GMT
The Wall Street Journal – Apple is working on a fix to an iPhone bug that causes some handsets to randomly restart, a software glitch first that appeared when iOS 7 made its debut back in September.
EBay, PayPal Should Be Split, Says Investor Icahn
Wed, 22 Jan 2014 23:40:00 GMT
Investor's Business Daily – EBay, PayPal Should Be Split, Says Investor Icahn
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