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After Yesterday's Rally of 1.11% Shares Could Potentially Pullback

By Shiri Gupta

Apple Inc (NASDAQ:AAPL) traded in a range yesterday that spanned from a low of $206.83 to a high of $210.60. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $209.73 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.

In the past 52 weeks, Apple Inc share prices have been bracketed by a low of $142.00 and a high of $233.47 and are now at $210.32, 48% above that low price. The 200-day and 50-day moving averages have moved 0.26% lower and 0.79% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Apple Inc on June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $188.85. Since that recommendation, shares of Apple Inc have risen 10.0%. 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