Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $265.00 short call and a strike $270.00 long call offers a potential 56.25% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $265.00 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $3.20 would be incurred if the stock rose above the $270.00 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 64.56 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
Rightmove taps ex-Shazam boss Andrew Fisher as its new chairman
Fri, 22 Nov 2019 07:43:02 +0000
British property website operator Rightmove Plc said on Friday it has named Andrew Fisher, former boss of now Apple-owned app Shazam, as its chairman to succeed Scott Forbes, who has held the role for more than 14 years. Fisher was executive chairman of the Shazam, UK-based app that lets users identify songs by pointing a smart phone at the audio source, when Apple Inc reached a deal to buy it in 2017.
Big Cap Stock Pickers Lose Big Amid $250 Billion in Outflows
Fri, 22 Nov 2019 07:35:15 +0000
Actively-managed large cap funds have been laggards during the bull market, and frustrated investors are pulling their money out.
From Facebook and iTunes to cryptocurrencies — what happens to your digital assets when you die?
Fri, 22 Nov 2019 05:00:49 +0000
This is what happened to Louise Kaye when she phoned her mobile phone company’s helpline to close her late husband David’s account. The employee had good intentions, Ms Kaye says, but the company had clearly failed to train its staff properly when dealing with the death of a customer.
Algorithms judge us so know their rules
Fri, 22 Nov 2019 05:00:37 +0000
If there was ever a demonstration that people think with their guts, it was the furore over the idea that Apple Card is “a f***ing sexist program”. David Heinemeier Hansson, a successful entrepreneur and programmer, complained on Twitter that his wife had a far lower credit limit than he did, and soon everyone from the US senator Elizabeth Warren to Apple co-founder Steve Wozniak to the New York Department of Financial Services were weighing in to show their support. Apple is quite literally an iconic brand.
Google runs into data fears over $2.1bn Fitbit deal
Fri, 22 Nov 2019 04:00:30 +0000
to be blocked, over fears that the search giant will feed its growing healthcare business with the data of the 27m people who use Fitbit fitness trackers. The deal for Fitbit has been seen as an attempt by Google to catch up with the Apple Watch by buying a consumer wearables company. Mark Warner, a Democratic senator in the US, said the purchase raised “serious concerns” as it could tip new areas of the burgeoning personalised health and wellness market in favour of the large tech companies, while Representative David Cicilline, chair of the House antitrust committee, said the deal “would threaten to give [Google] yet another way to surveil users and entrench its monopoly power online”.
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