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Look for Shares of Apple Inc to Potentially Rebound after Yesterday's 2.62% Sell Off

By Amy Schwartz

Apple Inc (NASDAQ:AAPL) traded in a range yesterday that spanned from a low of $256.33 to a high of $258.50. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $263.45 on volume of 4.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Apple Inc and will alert subscribers who have AAPL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Apple Inc have traded between a low of $142.00 and a high of $268.25 and are now at $257.25, which is 81% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

Keywords: rebounders apple inc

Ticker(s): AAPL