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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 Quick Report 11/23/2012 0 comments
    Nov 23, 2012 8:10 PM | about stocks: INTC, AAPL


    INTC opened higher and closed higher with 1.86% gain. The volume of 51.71M is 8.12% less than the 30 day average of 56.28M. The MACD is still showing a bearish sign; however, MACD difference started to decrease today. RSI (14) is increasing to 33.29, leaving the over-sold territory of 30. INTC currently trade below its 50-day and 200-day MV of $21.67 and $24.98.


    AAPL opened higher and closed strongly higher with 1.74% gain. The volume of 9.74M is 56.96% less than the 30 day average of 22.63M. The MACD (12, 26, 9) continued to show a bullish sign and MACD difference continued to diverge. RSI (14) increased to 47.11, indicating an increasing buying momentum. AAPL is currently trading below its 50-day MV of $621.22 and 200-day MV of $593.69, which should be the next major resistance.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL
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