AAPL shares made a one-month low yesterday, breaking down below their 50-day SMA. Next support @ the 100-day SMA, around $104. Only a close above $112 will change the daily trend to positive, so there is a long way to go before a short-term momentum reversal can be confirmed. AAPL’s weakness has taken its toll on the general market, too, given its huge market cap.
AAPL, daily chart (3 months):
Chart courtesy of StockCharts.com. http://stockcharts.com
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