Apple Crosses Above its 10-day MA (AAPL)
Today, shares of Apple (NASDAQ:AAPL) have advanced above their 10-day MA of $109.15 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 $92.00 to $134.54 and is now at $109.66, 19% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.9%.
SmarTrend recommended that subscribers consider buying shares of Apple on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.56. Since that recommendation, shares of Apple have risen 5.8%. We continue to monitor AAPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Apple