Wednesday, April 20, 2011

AAPL


AAPL
Apple (NASDAQ: AAPL) opened at $343.74. So far today, the stock has hit a low of $341.50 and a high of $345.75. AAPL is now trading at $344.65, up $6.79 (2.01%). Over the last 52 weeks the stock has ranged from a low of $199.25 to a high of $364.90. AAPL will report its fiscal-Q2 earnings after today’s close. Analysts are expecting the tech titan to post a profit of $5.36 per share on revenue of $23.43 billion, compared to a year-ago profit of $3.33 per share on revenue of $13.50 billion. Technical indicators for the stock are bullish and S&P gives AAPL a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on AAPL the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 310 range.

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