Apellis Pharmaceuticals APLS Stock & Option Trade Ideas

Based on the technical data for APLS, here is the analysis:

MACD (Moving Average Convergence Divergence): The MACD has been consistently below the Signal Line, indicating a bearish trend for APLS.

Bollinger Bands: The price has been consistently below the Upper Band, suggesting a downward trend for APLS.

RSI (Relative Strength Index): The RSI has been fluctuating but generally staying below 50, indicating a bearish sentiment for APLS.

Considering the bearish signals from the technical indicators, here are potential trading strategies for APLS:

Stock Trade: Since the stock is in a downtrend, consider shorting APLS or waiting for a possible bounce to a key resistance level before initiating a short position.

Option Trade: Consider buying put options to profit from a potential further decline in the stock price. Look for out-of-the-money put options with a suitable expiration date based on your risk tolerance.

It’s essential to conduct further analysis and consider risk management strategies before executing any trades. Remember that trading involves risks, and it’s crucial to have a well-thought-out plan in place.