Bearish Moving Average Cross by Apple (AAPL)
Today, shares of Apple (NASDAQ:AAPL) have fallen below their 10-day MA of $97.98 on a volume of 13.5 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Apple share prices have moved between a 52-week high of $132.97 and a 52-week low of $89.47 and are now trading 9% above that low price at $97.38 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Apple. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Apple in search of a potential trend change.
Keywords: moving crosses Apple