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Apple Inc Crosses Above its 10-day MA (AAPL)

By Nick Russo

Apple Inc (NASDAQ:AAPL) shares have crossed bullishly above their 10-day moving average of $203.17 on a volume of 5.0 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 Inc share prices have been bracketed by a low of $142.00 and a high of $233.47 and are now at $205.21, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Apple Inc on June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $188.85. Since that recommendation, shares of Apple Inc have risen 7.7%. We continue to monitor AAPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses apple inc

Ticker(s): AAPL