AAPL

AAPL

Apple (NASDAQ: AAPL) opened at $317.30. So far today, the stock has hit a low of $314.50 and a high of $317.42. AAPL is now trading at $316.21, down $4.05 (-1.26%). Over the last 52 weeks the stock has ranged from a low of $235.56 to a high of $364.90. AAPL shares have hit a new 6-month low this morning, now trading below its 200-day moving average of 325.90. Before Friday, the stock had not closed below its 200-day moving average since April 2009, underscoring its recent slump. Since hitting a 52-week high of 364.90 in February, the stock has fallen 10%. 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 an August out-of-the-money bear-call credit spread above the 375 range.