Swing Trade Idea (AAPL) – May 27, 2022
Our bullish trade for Friday, May 27th is Apple Inc. (AAPL). AAPL is part of the Technology Sector that found support and recovered at 4.63% over the last week.
AAPL recently found support at a key level of $138.50 and respected this level on the retest, which provides a good risk/reward bearish entry. The Technical Score is 5/10.
As a close, if AAPL were to trade below $138 for multiple days, this would invalidate our analysis and consider cutting losses on the trade. We also consider cutting losses on this options trade if the value of the vertical spread moves below $2.03.
