user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 548765 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Bearish Moving Average Cross by Apple (AAPL)

Published on Fri, 08/09/2013 - 11:23
By Adrienne Chilton

Today, shares of Apple (NASDAQ:AAPL) have fallen below their 10-day MA of $458.84 on a volume of 5.2 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.

Apple share prices have moved between a 52-week high of $705.07 and a 52-week low of $385.10 and are now trading 18% above that low price at $454.85 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.4%.

Apple (NASDAQ:AAPL) has potential upside of 15.9% based on a current price of $454.85 and analysts' consensus price target of $527.27. The stock should hit resistance at its 200-day moving average (MA) of $472.67, as well as support at its 50-day MA of $432.67.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Possible Bearish Inside Day Candle Patte...

Analyzing the price chart for JM Smucker (NYSE:SJM) has revealed a potential bearish i ...

Possible Bearish Inside Day Candle Patte...

Analysts have spotted a possible bearish inside day candle pattern in Anheuser-Busch In ...

Short-term Underperformance Detected in ...

Below are five companies in the Systems Software industry that underperformed yesterday ...

Short-term Underperformance Detected in ...

Analysis was conducted on the Specialty Stores industry to measure relative performance ...

Senomyx had the Lowest Relative Performa...

Analysis was conducted on the Specialty Chemicals industry to measure relative performa ...

Shares of HCP Underperformed its Peers i...

Analysis was conducted on the Specialized REITs industry to measure relative performanc ...

Amkor Technology has Relatively Underper...

Below are five companies in the Semiconductor Equipment industry that underperformed ye ...

Ramco-Gershenson Properties Trust has Re...

Below are five companies in the Retail REITs industry that underperformed yesterday on ...