Apple (AAPL) Offering Possible 63.93% Return Over the Next 13 Calendar Days

Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $177.50 short call and a strike $182.50 long call offers a potential 63.93% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $177.50 by expiration. The full premium credit of $1.95 would be kept by the premium seller. The risk of $3.05 would be incurred if the stock rose above the $182.50 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 39.23 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

White House, Trudeau seek to distance themselves from Huawei move
Fri, 07 Dec 2018 03:03:50 +0000
WASHINGTON/OTTAWA (Reuters) – President Donald Trump did not know about plans to arrest a top executive at Chinese telecoms giant Huawei in Canada, two U.S. officials said on Thursday, in an apparent attempt to stop the incident from impeding crucial trade talks with Beijing. Huawei Technologies Co Ltd's [HWT.UL] chief financial officer, Meng Wanzhou, the 46-year-old daughter of the company's founder, was detained in Canada on Dec. 1, the same day Trump and Chinese President Xi Jinping dined together at the G20 summit in Buenos Aires.

Broadcom Gains on Solid Results and Guidance: 5 Key Takeaways
Fri, 07 Dec 2018 01:53:00 +0000
After the bell on Thursday, Broadcom reported October quarter (fiscal fourth quarter) revenue of $5.45 billion (up 12% annually) and non-GAAP EPS of $5.85 (up 28%), topping consensus analyst estimates of $5.4 billion and $5.58. Broadcom also disclosed that it's switching from providing quarterly revenue guidance to annual guidance. For fiscal 2019 (it ends in Oct. 2019), Broadcom expects revenue of $24.5 billion.

Broadcom earnings beat on strong demand for data centre products
Fri, 07 Dec 2018 00:47:18 +0000
Chief Executive Officer Hock Tan said the first quarter of fiscal 2019 is expected to be “okay”, in response to an analyst's question during the company's post-earnings call. Tan said he sees a seasonal “downtick” in its wireless business, which makes chips for smartphones including Apple Inc's (AAPL.O) iPhones. A handful of Apple suppliers have cut their forecasts for the December quarter, suggesting tepid demand for new iPhones.

Better Long-Term Buy: Disney (DIS) vs. Netflix (NFLX) Stock
Thu, 06 Dec 2018 23:59:11 +0000
Let's see which stock, Disney (DIS) or Netflix (NFLX), looks like the better long-term buy with the streaming age upon us.

Broadcom's Strong 2019 Sales Forecast Sends Shares Higher
Thu, 06 Dec 2018 23:48:07 +0000
The company’s wireless business, a key Apple Inc. supplier, performed better than expected in the quarter that ended Nov. 4. Chief Executive Officer Hock Tan suggested that was driven by demand for older iPhones, but also warned of a “downtick” in the current quarter. Revenue will be about $24.5 billion in the 2019 fiscal year, San Jose-based Broadcom said Thursday in a statement.

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