TMCnet News
Watch for Apple to Potentially Rebound After Falling 2.10% YesterdayNov 15, 2012 (SmarTrend(R) News Watch via COMTEX) -- Apple (NASDAQ:AAPL) traded in a range yesterday that spanned from a low of $522.62 to a high of $539.50. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $536.18 on volume of 28.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. SmarTrend recommended that its subscribers protect gains by selling shares of Apple on October 8th, 2012 by issuing a Downtrend alert when the shares were trading at $641.84. Since that call, shares of Apple have fallen 16.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. In the past 52 weeks, Apple share prices have been bracketed by a low of $363.32 and a high of $705.07 and are now at $525.85, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has risen 0.4%. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |