Apple's most recent trend suggests a bearish bias. One trading opportunity on Apple is a Bear Call Spread using a strike $570.00 short call and a strike $580.00 long call offers a potential 34.23% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $570.00 by expiration. The full premium credit of $2.55 would be kept by the premium seller. The risk of $7.45 would be incurred if the stock rose above the $580.00 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 76.56 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
Some U.S. carriers deny accusation they refused to install ‘kill switch' on cellphones
Thu, 12 Dec 2013 00:41:08 GMT
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Wed, 11 Dec 2013 23:51:00 GMT
Investor's Business Daily – Intuit CEO Says QuickBooks/Square Test Under Way
How Apple Slows the U.S. Economic Recovery
Wed, 11 Dec 2013 23:36:06 GMT
Motley Fool – Apple is a drag on the economic recovery. Here's why it's Congress' fault.
Apple Debate: How Many iPhones Will China Mobile Sell?
Wed, 11 Dec 2013 22:56:00 GMT
Forbes – On Thursday, China Mobile, the world's largest wireless carrier, will start taking pre-orders for Apple's iPhone.
Best tech firm to work for? It's not Apple, Google or Facebook
Wed, 11 Dec 2013 22:54:57 GMT
San Jose Mercury News – Apple, Google and Facebook are tech juggernauts, but when it comes to working for tech companies, none of them is the best. Rather, it was Twitter that was named as the top tech company to work for in …
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