• Return to Headlines

Bearish Moving Average Cross by Apple (AAPL)

By Shiri Gupta

Today, shares of Apple (NASDAQ:AAPL) have fallen below their 10-day MA of $153.07 on a volume of 5.6 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Apple share prices have been bracketed by a low of $89.47 and a high of $156.65 and are now at $152.62, 71% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Apple on November 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $111.91. Since that recommendation, shares of Apple have risen 37.3%. 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