{"id":5931,"date":"2011-07-06T01:08:10","date_gmt":"2011-07-06T05:08:10","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=5931"},"modified":"2011-07-06T01:08:27","modified_gmt":"2011-07-06T05:08:27","slug":"apple-breaks-downtrend","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2011\/07\/06\/apple-breaks-downtrend\/","title":{"rendered":"Chart Review: Apple Finally Breaks Its Downtrend"},"content":{"rendered":"

Apple (AAPL) initially failed a critical technical test at the 200-day moving average (DMA)<\/a> and even made a new low for 2011, but the stock’s under-performance has finally ended. AAPL has gained over 10% since its 2011 low June 20th. The majority of the gains have come on just 4 days with strong bursts of 3.2%, 2.7%, 2.3%, and 1.8% to close today (July 5) above the 2011 downtrend line. If there is anything that prevents me from getting overly bearish despite overbought conditions in the stock market<\/a>, it is AAPL shooting skyward. Hard to be a bear when AAPL is being a bull.<\/p>\n

Click graphic to enlarge<\/strong><\/em>
\n


\n
\"Apple<\/a>
Apple finally breaks its downtrend for 2011<\/figcaption><\/figure>
\n*Chart created using TeleChart<\/a><\/strong>
\n<\/center>
\n<\/p>\n

Be careful out there!<\/p>\n

Full disclosure: no positions<\/p>\n","protected":false},"excerpt":{"rendered":"

Apple (AAPL) initially failed a critical technical test at the 200-day moving average (DMA) and even made a new low for 2011, but the stock’s under-performance has finally ended. AAPL has gained over 10% since its 2011 low June 20th. The majority of the gains have come on just 4 days with strong bursts of … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[482,219,62],"tags":[250,534,1597],"class_list":["post-5931","post","type-post","status-publish","format-standard","hentry","category-breakout","category-high-tech","category-technical-analysis","tag-aapl","tag-apple-inc","tag-technical-analysis"],"yoast_head":"\nChart Review: Apple Finally Breaks Its Downtrend - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2011\/07\/06\/apple-breaks-downtrend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Review: Apple Finally Breaks Its Downtrend - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"Apple (AAPL) initially failed a critical technical test at the 200-day moving average (DMA) and even made a new low for 2011, but the stock’s under-performance has finally ended. 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