Apple (AAPL) technical preview for November 18, 2014

AAPL share price remained pretty much unchanged yesterday, holding on to its record highs. We may see some days of consolidation around current levels, before new price records are marked. The short-term trend remains up as long as price stays above $110,50. This means that speculative long positions should exit the market at 110,50. The market is significantly overextended here as the 50-day MA is roughly 10% lower.

AAPL, daily chart (2 months):

AAPL

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

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