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Bullish Moving Average Cross by Apple Inc (AAPL)

By David Diaz

Today, shares of Apple Inc (NASDAQ:AAPL) have crossed bullishly above their 10-day moving average of $187.46 on a volume of 5.7 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 $96.42 and a high of $190.37 and are now at $187.63, 95% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Apple Inc on May 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $175.77. Since that recommendation, shares of Apple Inc have risen 6.4%. 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