Apple, Inc. stock trades under the ticker AAPL & has shown recent bullish behavior that investors & traders alike should look further into.
AAPL stock closed at $149.70/share on 11/11/2022.
Apple, Inc. AAPL Stock’s Technical Performance Broken Down
AAPL Stock Price: $149.70
10 Day Moving Average: $143.52
50 Day Moving Average: $147.45
200 Day Moving Average: $155.20
RSI: 54.75
MACD: -1.141
On Friday, AAPL stock completed a bullish MACD crossover, gaining 1.93% in their second consecutive day of gains.
Recent trading volumes have been about average compared to the year prior, and their RSI is neutral, signaling that there may be more momentum to come in the near-term.
AAPL stock has support at the $149.42 $149.31 & $147.30/share price levels, while it attempts to break out & above the $151.28, $151.32 & $152.43/share resistance levels.
Apple, Inc. AAPL Stock As A Long-Term Investment
Long-term oriented investors will like AAPL stock’s P/E (ttm) of 22.74, but will find their P/B (mrq) of 43.61 to be rather steep.
They recently reported 8.1% Quarterly Revenue Growth Y-o-Y, with 0.8% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $48.3B of Total Cash (mrq) & $132.48B of Total Debt (mrq).
AAPL stock pays a modest 0.61% dividend, which appears to be stable in the long-run, as their payout ratio is 14.73%.
60.25% of AAPL stock’s outstanding share float is owned by institutional investors.
Apple, Inc. AAPL Stock As A Short-Term Trade Using Options
Short-term focused traders can trade options to profit from price movements in AAPL stock, while protecting their portfolio from volatility.
I am looking at the contracts with the 12/16 expiration date.
The $145, $140 & $135 call options are all in-the-money, listed from highest to lowest level of open interest.
The $150, $160 & $155 puts are also all in-the-money with the former being more liquid than the latter.
Tying It All Together
AAPL stock has many interesting characteristics that traders & investors should research further into.
Investors will like their dividend & P/E (ttm), but may want to look deeper into the makeup of their balance sheet.
Traders will like their recent technical performance, as well as the liquidity of their options.
All-in-all, it is worth taking a closer look into AAPL stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF AAPL STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***