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Apple Crosses Above its 10-day MA (AAPL)

By Nick Russo

Today, shares of Apple (NASDAQ:AAPL) have advanced above their 10-day MA of $99.28 on a volume of 41.2 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Apple share prices have been bracketed by a low of $89.47 and a high of $132.97 and are now at $103.51, 16% above that low price. The 200-day and 50-day moving averages have moved 0.66% lower and 0.14% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Apple. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Apple in search of a potential trend change.

Keywords: moving crosses Apple

Ticker(s): AAPL