Apple (AAPL) Offering Possible 33.69% Return Over the Next 23 Calendar Days

Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $210.00 short call and a strike $215.00 long call offers a potential 33.69% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $210.00 by expiration. The full premium credit of $1.26 would be kept by the premium seller. The risk of $3.74 would be incurred if the stock rose above the $215.00 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 59.52 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

UPDATE 1-GlobalFoundries sues TSMC, wants US import ban on some products
Tue, 27 Aug 2019 09:18:24 +0000
Contract chipmaker GlobalFoundries sued larger rival and Apple supplier TSMC for patent infringement, seeking to stop imports into the United States and Germany of products made with the allegedly infringed technologies. In lawsuits filed on Monday in the United States and Germany, GlobalFoundries also sought unspecified “significant” damages from Taiwan Semiconductor Manufacturing Co (TSMC) based on the Taiwanese firm's unlawful use of its technology in its “tens of billions of dollars of sales”.

Tim Cook donates nearly $5 million to charity, and Apple pledges aid for Amazon rainforest
Tue, 27 Aug 2019 00:44:00 +0000
Tim Cook is donating nearly $5 million in Apple Inc. shares to charity, and the tech giant is also donating an unspecified sum to help restore the Amazon rainforest.

Apple (AAPL): Long-Term Growth Outlook Remains Intact
Mon, 26 Aug 2019 22:45:57 +0000
Last Friday, when President Trump ordered US businesses to “immediately start looking for an alternative to China,” many eyes turned to Apple (AAPL).Apple stock often finds itself in the crossfire between the US and China, and Friday was no different. The US tech giant manufacturers billions of dollars worth of products, including the iPhone, through manufacturing company Foxconn, which has 12 manufacturing facilities in China. While the directive is not absolute, it just adds to the tensions between the US and China — which includes Trump raising existing tariffs on Chinese products from 25% to 30%. However, 4-star Wedbush analyst Daniel Ives doesn’t see this continuing in the long-term, as he maintains an Outperform rating and $245 price target on AAPL stock. (To watch Ives' track record, click here)While the US-China trade war is a concern for some investors, shares continue to climb. Apple’s stock has soared over 30% so far in 2019, and currently sitting about 10% off its all-time high. Shares took a step back last week, but investors are generally optimistic that the company will face clearer skies once tensions ultimately subside. Ives believes "Apple is aggressively looking at alternative options within the supply chain in light of this US/China UFC trade battle,” which includes “moving 5%-7% of iPhone production to India and/or Vietnam…which would in a best case scenario be ready to roll 18 months from now.” Should Apple need to take additional steps, the analyst says it would take the company at least 3 years to move 20% of iPhone production outside of its core Foxconn/China, and more than 5 years to move 50% of production out of China. But even amid the tensions, Ives remains optimistic on Apple. With the Trump administration recently temporarily delaying tariffs on $300 billion of tariffs, including iPhones, the analyst expects “some runway” for Apple ahead of its September launch of the iPhone 11. Further, his production estimates for this year is on par from estimates last year, indicating that, even amid the noise, the fundamentals have not changed. If we step back and look at the bigger picture, we can see that overall Apple stock has a ‘Moderate Buy’ analyst consensus rating. In the last three months, the stock has received 16 'buy' ratings vs. 10 'hold' and one 'sell' ratings. With an average analyst price target of $226.46, analysts are projecting upside potential of nearly 10% from the current share price. (See AAPL's price targets and analyst ratings on TipRanks)

The Top Buffett-Munger Stock in Each GuruFocus Region
Mon, 26 Aug 2019 22:03:09 +0000
Stocks to consider in each subscription region as geopolitical tensions rise Continue reading…

The Dow Rose 270 Points Because the China Trade Deal Isn’t Dead
Mon, 26 Aug 2019 21:17:00 +0000
All three main stock indexes closed decisively in the black on Monday after President Donald Trump said Chinese officials had contacted their U.S. counterparts seeking to restart trade negotiations.

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