Apple (AAPL) Outlook For October 15, 2014

Second big down day in a row for AAPL on Tuesday. However, despite general market weakness, AAPL has been showing remarkable relative strength. As long as the stock trades within the 98-103 range of the last two months, the daily trend remains neutral. Price consolidation a few dollars below all-time highs keeps my scenario of new price records soon on the table.

AAPL, daily chart(3 months):

aapl

Chart courtesy of StockCharts.com. http://stockcharts.com

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