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SmarTrend Watching for Potential Pullback in Shares of Apple Inc After 1.86% Gain

By James Quinn

Apple Inc (NASDAQ:AAPL) traded in a range yesterday that spanned from a low of $232.31 to a high of $235.00. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $230.43 on volume of 14.2 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 $235.00 and a 52-week low of $142.00 and are now trading 65% above that low price at $234.92 per share. The 200-day and 50-day moving averages have moved 0.77% higher and 0.66% higher over the past week, respectively.

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.

Keywords: rebounders apple inc

Ticker(s): AAPL