Apple Inc. (NASDAQ:AAPL) HEFFX Highlights

Apple Inc. (NASDAQ:AAPL) HEFFX Highlights

Apple Inc. (NASDAQ:AAPL) HEFFX Highlights

  • Earlier this year, Apple told Hollywood it was getting serious about TV by hiring two producers from Sony.
  • Then Apple told Hollywood it was serious about TV again, by making it clear that it was willing to spend a $1 billion or more on its own shows.
  • Now it’s saying it one more time: Apple is getting into business with Steven Spielberg, by reviving his old “Amazing Stories” show that ran on NBC in the ’80s, via a deal with NBCUniversal.*
  • The Wall Street Journal, which broke the story, says Apple may be paying upward of $5 million an episode for 10 episodes of the new show.

Apple’s iPhone customers could potentially fall victim to a scam that would see them unwittingly hand over their Apple ID credentials.

Security researcher Felix Krause on Tuesday published a proof-of-concept that shows how easy it is for hackers to replicate the familiar “Sign In to iTunes Store” Apple prompt on the iPhone and steal a user’s password. According to Krause, developers can turn on an alert inside their apps that look identical to the legitimate pop-up requesting a user’s credentials. If the person inputs the password, the malicious app owner could steal the information and users wouldn’t even know they were targeted.

“Users are trained to just enter their Apple ID password whenever iOS prompts you to do so,” Krause wrote in a blog post. “However, those popups are not only shown on the lock screen, and the home screen, but also inside random apps, e.g. when they want to access iCloud, GameCenter or In-App-Purchases. This could easily be abused by any app.”

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 161.93.

The projected lower bound is: 150.16.

The projected closing price is: 156.04.

APPLE INC closed up 0.060 at 155.900. Volume was 44% below average (neutral) and Bollinger Bands were 15% narrower than normal.

Open           High            Low            Close           Volume
156.055      158.000      155.100      155.900      15,617,014

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period        50-period        200-period
Close:                      154.58               157.88              144.63
Volatility:               11                       24                      21
Volume:                  19,947,362      29,343,504      27,000,804

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

APPLE INC is currently 7.8% above its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of AAPL.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on AAPL.O and have had this outlook for the last 19 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 75.2335. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 49.82. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 42 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 142.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 10 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 3 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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