Apple (AAPL) technicals Dec 16, 2014

AAPL shares closed on support offered by their 50-day SMA yesterday. Intraday they fell below this significant technical level for the first time in two months. The market may rebound from here but only a close above $113 will change the daily trend to positive. Before that, $110 will create some selling pressure.

AAPL, daily chart (3 months):

aapl

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

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