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Apple Crosses Above its 10-day MA (AAPL)

By Shiri Gupta

Apple (NASDAQ:AAPL) crossed over its 10-day moving average of $91.32 on a volume of 11.4 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Apple share prices have moved between a 52-week high of $95.05 and a 52-week low of $55.55 and are now trading 65% above that low price at $91.57 per share. The 200-day and 50-day moving averages have moved 0.50% higher and 1.51% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Apple on February 13th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.08. Since that recommendation, shares of Apple have risen 17.9%. 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