Apple (AAPL) Offering Possible 28.21% Return Over the Next 24 Calendar Days

Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $315.00 short put and a strike $310.00 long put offers a potential 28.21% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $315.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $310.00 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 74.5 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 China Sales On Recovery Path In April, iPhone Sales Jump 160% – Report
Mon, 25 May 2020 09:13:23 +0000
Apple Inc.’s (AAPL) China sales continued to recover in April, driven partly by the launch of a cheaper iPhone, CNBC reported.The tech giant sold 3.9 million iPhones in China in April, reflecting a 160% surge from March figures, when it sold 1.5 million smartphones, the Shanghai-based market research firm CINNO Research told CNBC.The signs of a recovery path since February comes as the world’s second largest economy slowly reopens again after the coronavirus pandemic forced store closures earlier this year that led to sales declines. China iPhone sales slumped 60% in February year-on-year. Since mid-March, all stores in China have reopened.Apple, which launched its second-generation iPhone SE in mid-April, started to sell the device in China later that month. It starts at 3,299 yuan ($464) in the mainland. iPhone SE accounted for 24% of all of Apple’s 3.9 million iPhone sales in April, according to CINNO Research.In April, overall smartphone shipments in China rose over 94% to 40.8 million compared with the previous month, according to state-backed think tank, China Academy of Information and Communications Technology.Five-star analyst Daniel Ives at Wedbush, who has a Buy rating on the stock with a $350 price target, sees a seminal moment for Apple in China with pressure on both ends of the spectrum from a supply and demand perspective amid renewed tensions between the U.S. and China.The recent Department of Commerce ban on Huawei, preventing it from purchasing semiconductors from U.S. companies, has ignited fears of retaliatory moves against companies such as Apple.“On the demand story, a relative bright spot during this COVID-19 Category 5 storm remains China which represents a growth linchpin region for the company representing roughly 20% of all iPhone upgrades over the next 12 to 18 months with our estimation that 60 million to 70 million iPhones in China are currently in the window of opportunity,” Ives wrote in a note to investors. “From a supply chain perspective we believe Apple would only be able to move 5%-7% of iPhone production to India/ Vietnam over the 18 to 24 months if the China situation/tensions spirals down a more negative and nasty path over the coming months.”Ives believes though that “while uncertainty will add to an already worrisome near-term situation around the global demand picture for Apple, the fundamental impact on iPhone production and the potential backlash in the region thus far is more bark than bite”.Turning now to the rest of Wall Street, analysts have a bullish outlook on Apple’s stock. The Strong Buy consensus is backed up by 27 Buys with the rest split between 4 Holds and 1 Sell. The $318.93 average price target indicates shares are fully priced (See Apple stock analysis on TipRanks).Related News: Apple To Reopen More Than 25 U.S. Stores This Week Google, Apple Roll Out Coronavirus Contact Tracing Technology Apple is Said to Snap Up Startup NextVR For Virtual Reality Content; Top Analyst Sees Buying Opportunity More recent articles from Smarter Analyst: * Vermilion Energy CEO Steps Down With Immediate Effect * American Airlines and Others Given Go-Ahead to Reduce Route Coverage * Facebook Workplace Hits 5 Million Paid Users As Remote Work Demand Rises * NYSE to Reopen Its Trading Floor on Tuesday

Apple to Start Reopening Stores in Japan This Week
Mon, 25 May 2020 05:01:30 +0000
(Bloomberg) — Apple Inc. will begin reopening its retail stores in Japan this week, one of its most important markets, after the stores had been shuttered for months due to Covid-19.Two locations — the stores in Fukuoka and Nagoya Sakae — will reopen on May 27, according to the company’s retail website. Reopening dates for the country’s eight other Apple stores have not yet been posted. In September, Apple opened its latest and largest outlet in Tokyo’s Marunouchi business district, moments away from the historic Tokyo Station and the Imperial Palace.Tokyo remains under an official state of emergency, though Japan’s Economy Minister Yasutoshi Nishimura said on Monday that the government’s advisory panel had approved a plan to lift the measure later that day, a week ahead of schedule.Read more: Japan’s Government Says Time Right to Lift Tokyo EmergencyApple has already reopened stores in Australia, Germany, Austria, South Korea, Switzerland and some stores in Italy and the U.S.In a statement confirming the Japan openings, Apple reiterated that stores will require temperature checks at the door, social distancing and the use of masks by customers and staff alike. This is in line with requirements among local Japanese retailers such as Montbell, which turns away customers without face masks.(Updates with Japanese government plans in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Dow Jones Futures: Breakouts Slowing In Coronavirus Stock Market Rally, But These Five Titans Are Near Buy Points
Mon, 25 May 2020 03:01:06 +0000
Dow Jones futures: The coronavirust stock market rally is roaring on, but breakouts are slowing. Apple, Tesla, Microsoft, Google and AMD are near buy points though.

Spotify, Amazon, Apple, and Barstool Sports are all betting big on podcasts
Mon, 25 May 2020 00:13:49 +0000
Digital media companies have understood podcasts for years. Now tech giants are getting in late, but bringing big dollars to buy instant footholds.

All the Reasons the Stock Market’s Gains Are Not to be Trusted
Sun, 24 May 2020 14:56:00 +0000
When the S&P 500 remains between the two moving averages for at least 20 days, there’s a 72% chance that the next move is down.

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