AAPL shares hovered around their 100-day SMA on Friday. AAPL has made 3 consecutive lower highs since the all-time high was marked last November, confirming that the daily trend is down. A retest of the 3-month low @ 104.63 is very likely.
AAPL, daily chart (3 months):
Chart courtesy of StockCharts.com. http://stockcharts.com
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