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 68.07% return on risk over the next 37 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 $4.05 would be kept by the premium seller. The risk of $5.95 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 44.27 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
China Mobile Starts IPhone Sales as Apple Seeks to Boost Share
Fri, 17 Jan 2014 02:19:35 GMT
Bloomberg – China Mobile Ltd. started selling the iPhone today after six years of negotiations with Apple Inc., offering a base of 763 million subscribers to a smartphone maker trying to boost lagging share in the …
Should Your Conscience Influence Your Investing?
Fri, 17 Jan 2014 01:27:42 GMT
Bloomberg – Jan. 16 (Bloomberg) –- Customer Growth Partners President Craig Johnson and Standpoint Research Founder Ronnie Moas discuss Best Buy’s disappointing holiday sales and how working conditions or treatment …
Chau, Butler on Apple-China Mobile iPhone Agreement
Fri, 17 Jan 2014 01:03:20 GMT
Bloomberg – Jan. 17 (Bloomberg) — Melissa Chau, a senior research manager at IDC Asia Pacific in Singapore, talks about Apple Inc.'s partnership with China Mobile Ltd. to distribute the iPhone. She speaks with Angie …
[$$] Apple's Legal Monitor to Stay Put
Thu, 16 Jan 2014 23:58:05 GMT
The Wall Street Journal – A federal judge denied Apple's request to remove a high-priced lawyer appointed to monitor the company's e-book pricing reform.
Rumor: Large iPhone 6 Screen Sizes and iWatch AMOLED Display
Thu, 16 Jan 2014 23:57:04 GMT
Wall St. Cheat Sheet – According to DisplaySearch analyst David Hsieh, Apple will likely boost the size and resolution quality of its next iPhone displays.
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