Apple’s most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $500.00 short put and a strike $490.00 long put offers a potential 61.29% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $500.00 by expiration. The full premium credit of $3.80 would be kept by the premium seller. The risk of $6.20 would be incurred if the stock dropped below the $490.00 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 77.32 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
Analyst: Here’s What to Expect at Apple’s Next Event
Sat, 19 Oct 2013 12:31:04 GMT
Wall St. Cheat Sheet – Jefferies analyst Peter Misek recently revealed his predictions for Apple’s upcoming media event that is being held in San Francisco next week.
Apple Lifts Production of iPhone 5s, Cuts iPhone 5c
Sat, 19 Oct 2013 11:18:43 GMT
24/7 Wall St. – More evidence surfaced that the Apple (NASDAQ: AAPL) iPhone 5c is a failure. To make matters worse, it has been in the market such a short time. Apparently, consumers do not want the under-featured, over-prices …
Study: Mobile Enterprise Users Prefer Apple’s iOS Over Google’s Android
Sat, 19 Oct 2013 10:48:04 GMT
Wall St. Cheat Sheet – A recent study by Good Technology revealed that Apple’s iOS is outpacing Google’s Android in the mobile enterprise market for both smartphones and tablets.
10 companies people would die to work for
Sat, 19 Oct 2013 10:01:05 GMT
USA TODAY – Here are the world’s top 10 most in-demand employers, according to LinkedIn.
Great Reasons for Owning Apple
Sat, 19 Oct 2013 05:54:04 GMT
Motley Fool – Apple still has some tricks up its sleeve. What can the company learn from Coca-Cola and how do they plan to fend off competition from Google?
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