Apple (AAPL) technical preview for December 9, 2014

AAPL shares lost support offered by their 20-day moving average yesterday. This is the first time that price trades below 20-SMA since October 20. The short-term momentum remains negative as long as price is lower than $116. If the current downmove goes on, the 50-day SMA @ 107-ish will be targeted.

AAPL, daily chart (3 months):

aapl2

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

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