Apple shares have been on a tear since March, even breaking past the long-term descending trend line on its daily chart. Price has also broken past the highest 61.8% Fib level, suggesting that a reversal from the downtrend is in order. For now, the 100 SMA is below the 200 SMA so the path of least resistance might still be to the downside. Also, the 200 SMA is holding as a dynamic inflection point, possibly serving as the line in the sand for keeping gains in check. Stochastic is already ...
Apple Stock Regains Buying Momentum As predicted in an earlier entry on Apple stock signals, price has bounced off the resistance turned support area near the $97.50/share level, which is also right at the 50 simple moving average support. Apple stock is now reflecting a return in buying momentum, after bouncing back ...
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