Apple's most recent trend suggests a bullish bias. One trading opportunity on Apple is a Bull Put Spread using a strike $145.00 short put and a strike $135.00 long put offers a potential 5.82% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $9.45 would be incurred if the stock dropped below the $135.00 long put 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 up which suggests that the medium-term momentum for Apple is bullish.
The RSI indicator is at 65 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
Nokia and Apple settle long-running legal disputes
Tue, 23 May 2017 09:20:19 +0000
HELSINKI (AP) — Nokia and Apple have settled their numerous legal disputes after signing an agreement to work together.
Tech Stocks from Briefing.com
Tue, 23 May 2017 09:00:17 +0000
Tech Stocks from Briefing.com
15 years after IPO, Netflix has changed drastically—and is worth nearly 22,000% more
Tue, 23 May 2017 08:44:36 +0000
Netflix Inc. was a $300 million e-commerce startup when it became a public company 15 years ago. and is now a $68 billion streaming pioneer, delivering a billion hours a week of video around the world. …
Nokia Shares Surge After Patent Dispute Settlement with Apple
Tue, 23 May 2017 08:41:00 +0000
Nokia shares rose the most in nearly three years Tuesday after the group said it had settled an intellectual dispute with Apple and simultaneously signed a multi-year patent license agreement.
Apple in talks to expand India production capacity – minister
Tue, 23 May 2017 08:22:49 +0000
Apple Inc wants to expand its contract manufacturer's facility in the southern Indian tech hub of Bengaluru, a federal minister said on Tuesday, as the iPhone maker seeks a bigger share in one of the world's …
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