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Apple Crosses Above its 10-day MA (AAPL)

By James Quinn

Apple (NASDAQ:AAPL) shares have crossed bullishly above their 10-day moving average of $521.07 on a volume of 3.2 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Apple have traded between a low of $385.10 and a high of $606.50 and are now at $524.78, which is 36% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 0.34% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Apple on September 23rd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $489.76. Since that recommendation, shares of Apple have risen 6.3%. We continue to monitor AAPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Apple

Ticker(s): AAPL