Apple Breaks Down But Reasons to Expect Future Upside Remain
The 200-day moving average (DMA) has been Apple’s friend since the stock bounced from its March, 2009 lows. A break during June, 2011 was short-lived and the stock survived two more tests of this critical long-term support later that year. Starting in January of this year, Apple (AAPL) pulled sharply away from its 200DMA until … Read more