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Apple Crosses Above its 10-day MA (AAPL)

By Nick Russo

Apple (NASDAQ:AAPL) shares have crossed bullishly above their 10-day moving average of $117.13 on a volume of 6.5 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Apple has traded in a range of $89.47 to $132.97 and is now at $117.29, 31% above that low. The 200-day and 50-day moving averages have moved 0.66% lower and 0.14% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Apple and will alert subscribers who have AAPL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Apple

Ticker(s): AAPL