Apple (AAPL) Offering Possible 51.06% Return Over the Next 9 Calendar Days

Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $205.00 short call and a strike $210.00 long call offers a potential 51.06% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $205.00 by expiration. The full premium credit of $1.69 would be kept by the premium seller. The risk of $3.31 would be incurred if the stock rose above the $210.00 long call 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 61.1 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-European shares fall as BASF profit warning hits German stocks
Tue, 09 Jul 2019 08:44:56 +0000
European shares fell on Tuesday as a profit warning from chemicals giant BASF led to a slide in German shares, which were on course to post their biggest drop in two months. The pan-European STOXX 600 index fell 0.7% by 0815 GMT, in line with its Asian peers and Wall Street overnight amid dimming hopes of a sharp interest rate cut by the U.S. Federal Reserve later this month.

Apple's services revenue, China to power third quarter: analyst
Tue, 09 Jul 2019 08:15:59 +0000
Rosenblatt Securities on Monday downgraded Apple shares to “sell” from “neutral”, citing the probability of disappointing new iPhone sales. With Apple focusing more on the services business, Evercore said it expects total App Store developer revenue to grow 18% to about $9 billion in the third quarter. Apple is due to report results on July 30.

Japan's Nikkei ekes out small gains, Topix down as techs hit
Tue, 09 Jul 2019 06:57:57 +0000

GLOBAL MARKETS-Asia stocks fall as Fed rate cut bets dialed back, Europe to follow
Tue, 09 Jul 2019 06:56:25 +0000
European stock markets were set to follow Asia and U.S. markets lower. Futures for the pan-regional Euro Stoxx 50 slid 0.4%, German DAX futures fell 0.7%, and London's FTSE futures were down 0.2% in early trade.

GLOBAL MARKETS-Asia stocks fall to 2-week low as hopes fade for big Fed rate cut, tech stocks drag
Tue, 09 Jul 2019 04:07:10 +0000
TOKYO/HONG KONG, July 9 (Reuters) – Asian stocks fell to their lowest levels in two and a half weeks on Tuesday as hopes dwindled for a hefty interest rate cut by the U.S. Federal Reserve at the end of the month, while technology companies were pulled lower by Apple Inc's overnight slump. Investors have rushed to scale back Fed rate cut expectations following unexpectedly strong gains in U.S. jobs for June, with U.S. stock markets falling for a second straight day. On Wall Street, the S&P 500 lost 0.48% while the Nasdaq Composite dropped 0.78%, led by fall in Apple after a brokerage downgraded the stock to “sell”.

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