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Bullish Moving Average Cross by Apple (AAPL)

By Nick Russo

Today, shares of Apple (NASDAQ:AAPL) have advanced above their 10-day MA of $92.81 on a volume of 19.9 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.

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 4% above that low price at $93.14 per share. The 200-day and 50-day moving averages have moved 0.66% lower and 0.14% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Apple on April 25th, 2016 by issuing a Downtrend alert when the shares were trading at $105.08. Since that call, shares of Apple have fallen 13.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Apple

Ticker(s): AAPL