Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $520.00 short put and a strike $510.00 long put offers a potential 68.07% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $520.00 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 $510.00 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 78.64 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
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[$$] Activist Icahn Oversteps With Apple Buyback Demand
Sat, 26 Oct 2013 04:01:00 GMT
Barrons.com – Carl Icahn is wading deeper into the weeds of technology. Fresh from defeat at the hands of Michael Dell, whose leveraged buyout he opposed without accomplishing much, the corporate raider has now proposed …
[$$] Taking Too Big a Bite from the Apple
Sat, 26 Oct 2013 03:12:13 GMT
The Wall Street Journal – Carl Icahn's proposal for Apple to borrow $150 billion to fund a share buyback may assume too much on the bond market's appetite.
Apple's New iPads: The Good, the Bad, and the Ugly
Sat, 26 Oct 2013 02:02:02 GMT
Motley Fool – Breaking down the most recent update to Apple’s tablet launch.
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