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

By Amy Schwartz

Apple Inc (NASDAQ:AAPL) shares have crossed bullishly above their 10-day moving average of $243.37 on a volume of 3.8 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, shares of Apple Inc have traded between a low of $142.00 and a high of $249.75 and are now at $248.77, which is 75% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.0%.

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

Keywords: moving crosses apple inc

Ticker(s): AAPL