AAPL is on a 4-day streak of downdays that has brought the share price down to 109,33. Friday’s intraday low @ 107,35 was a 2-week low. The daily trend is down as long as price stays below $112, which is the confluence of its 10-, 20- and 50-day SMAs. A daily close below 106, which would mark a 2-month low, can set the longer-term uptrend in danger and open the way to a test of $100.
AAPL, daily chart (3 months):
Chart courtesy of StockCharts.com. http://stockcharts.com
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