AAPL shares remain below their shorter-term MAs and the daily trend will be pointing down as long as prices are lower than $115. Tuesday’s low @ 110 and the 50-day SMA @ 108 will be offering nice support in case the downmove goes on, while this week’s high @ 115 keeps a lid on prices.
AAPL, daily chart (3 months):
Chart courtesy of StockCharts.com. http://stockcharts.com
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