Apple’s most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $187.50 short put and a strike $182.50 long put offers a potential 10.62% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $187.50 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock dropped below the $182.50 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 62.74 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
[$$] Miners Test Greener Ways to Dig
Mon, 16 Jul 2018 09:43:41 +0000
Miners are considering new ways to make the dirt they dig up green. PLC—believe could turn aluminum smelters carbon-free for the first time. Another initiative under way in Sweden could see hydrogen replace coking coal in manufacturing steel.
Things are going from bad to worse for Apple in India
Mon, 16 Jul 2018 08:24:54 +0000
The world’s second-largest smartphone market isn’t exactly turning out to be the next China for Apple. Despite its increased focus on India, Apple is all set to see a slower year-on-year growth in iPhone sales in the country in 2018. “iPhone India sales were weak in the first half of 2018, and even if they…
Intel Could Win All of Apple's Modem Orders This Year
Sun, 15 Jul 2018 22:00:00 +0000
This sounds like good news for Chipzilla.
3 of the Worst Growth Stocks of 2018 (So Far)
Sun, 15 Jul 2018 21:10:00 +0000
One investor’s pain could be another’s gain.
Tech Stocks This Week: Apple's Updated Laptops, How Amazon Spooked Cisco Investors, and More
Sat, 14 Jul 2018 21:31:00 +0000
Apple's updated MacBook Pros, analysts' underwhelming outlook for Netflix stock, and Amazon's possible foray into networking hardware were some of the top stories in tech this week.
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