Nick Chiu's  Instablog

Nick Chiu
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Senior Options Trading Strategist at Optionity, MBA. Our trading approach starts with the fundamentals, then through short-term technical analysis, to finally leverage options trading (with the combination of long and short positions) to achieve favorable risk and reward ratio trading plays. Our... More
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Optionity - specialized in Options Trading
  • Optionity Quick Report 11/21/2012 0 comments
    Nov 21, 2012 9:24 PM | about stocks: INTC, AAPL


    INTC opened flat and closed lower with another 0.79% loss, hitting new 52-week low at $19.23 during today's trading. The volume of 95.64M is 76.82% more than the 30 day average of 54.09M. The MACD is still showing a bearish sign and MACD diverged again. RSI (14) is decreasing again to 26.10, where below 30 is considered as over-sold. INTC currently trade below its 50-day and 200-day MV of $21.73 and $25.01.


    AAPL opened higher and closed slightly higher with 0.14% gain. The volume of 13.33M is 42% less than the 30 day average of 22.95M. The MACD (12, 26, 9) continued to show a bullish sign and MACD difference continued to diverge. RSI (14) increased to 43.06, indicating an increasing buying momentum. AAPL is currently trading below its 50-day MV of $622.94 and 200-day MV of $593.16, which should be the next major resistance.

    Disclosure: I am long INTC, AAPL.

    Stocks: INTC, AAPL
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