Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $540.00 short put and a strike $530.00 long put offers a potential 69.49% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $540.00 by expiration. The full premium credit of $4.10 would be kept by the premium seller. The risk of $5.90 would be incurred if the stock dropped below the $530.00 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 34.48 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
Apple’s iPhone 5S Takes the Cake for Biggest Share in Sales
Wed, 15 Jan 2014 00:08:03 GMT
Wall St. Cheat Sheet – Sales of the iPhone 5S accounted for a greater percent of total iPhone sales 2013's last quarter.
Why Google Can Pay Whatever It Wants
Wed, 15 Jan 2014 00:02:00 GMT
TheStreet – When not talking about potential privacy issues, Many analysts and commentators have been balking at the price Google paid for Nest. A whopping $3.2 billion in cash ain't cheap, after all.But one thing …
True Confessions: I Miss My Hardware Keyboard
Tue, 14 Jan 2014 23:36:51 GMT
MarketWatch – WSJ's Personal Technology Columnist Joanna Stern reviews two new physical keyboards for the iPhone.
Gundlach: Apple, NLY Are OK, TIPS Still Lousy
Tue, 14 Jan 2014 23:08:00 GMT
Barrons.com – DoubleLine bond maven Jeffrey Gundlach just wrapped up his latest webcast (for more on that see here and here) with his customary wide-ranging Q&A segment, which as usual touched on all sort of stocks …
Is Apple Well Positioned for the Future?
Tue, 14 Jan 2014 22:47:04 GMT
Wall St. Cheat Sheet – Apple stock hasn’t made significant progress in the last several years — however, it’s currently surging higher.
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