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After Yesterday's Rally of 1.05% Shares Could Potentially Pullback

By David Diaz

Apple Inc (NASDAQ:AAPL) traded in a range yesterday that spanned from a low of $194.94 to a high of $196.06. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $194.08 on volume of 12.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Apple Inc share prices have moved between a 52-week high of $233.47 and a 52-week low of $142.00 and are now trading 38% above that low price at $196.02 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Apple Inc on January 30th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $163.19. Since that recommendation, shares of Apple Inc have risen 18.9%. We continue to monitor AAPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders apple inc

Ticker(s): AAPL