Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $127.00 short call and a strike $132.00 long call offers a potential 25% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $127.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock rose above the $132.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Apple is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Apple is bearish.
The RSI indicator is at 47.76 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
Tech Stocks from Briefing.com
Thu, 07 May 2015 14:00:25 GMT
Apple Watch Success Needed for a Smartwatch Mega Boom, New IHS Report Says
Thu, 07 May 2015 14:00:00 GMT
The Chinese tech giant trying to crush Apple
Thu, 07 May 2015 14:00:00 GMT
CNBC – Xiaomi, the world's third-largest smartphone maker, is muscling into the Latin market with an online store that will sell smart accessories.
Stock Market Update from Briefing.com
Thu, 07 May 2015 13:57:33 GMT
Briefing.com – Stock Market Update from Briefing.com
Ron Johnson May “Enjoy” His New Business, But Will Shoppers Agree?
Thu, 07 May 2015 13:19:00 GMT
Forbes – Ron Johnson has unveiled his new retail endeavor, and it’s called “Enjoy.” Mr. Johnson is, of course, the Apple executive who oversaw the Apple Store’s rapid expansion and then moved on to JC Penney. His tenure at JCP was as disastrous as his tenure at Apple was successful. Now he’s envisioned
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