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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
My company:
Optionity
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Optionity - specialized in Options Trading
  • Optionity Quick Report 11/27/2012 0 comments
    Nov 27, 2012 6:13 PM | about stocks: INTC, AAPL

    INTC

    INTC opened higher and closed with a slight gain of 0.23%. The volume of 44.88M is 20.51% less than the 30 day average of 56.46M. The MACD is still showing a bearish sign; however, MACD difference continued to converge. RSI (14) continued to increase to 37.20 with increasing buying momentum. INTC currently trade below its 50-day and 200-day MV of $21.54 and $24.92.

    AAPL

    AAPL opened flat and closed lower with 0.81% loss. The volume of 19.02M is 13.94% less than the 30 day average of 22.10M. The MACD (12, 26, 9) continued to show a bullish sign and MACD difference continued to diverge. However, RSI (14) decreased to 51.82, indicating a decreased buying momentum. AAPL is currently trading below its 50-day MV of $617.78 and 200-day MV of $594.76, which should be the next major resistance.

    Disclosure: I am long INTC.

    Themes: technical analysis Stocks: INTC, AAPL
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