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Watch for Apple Inc to Potentially Pullback After Gaining 1.54% Yesterday

By Shiri Gupta

Apple Inc (NASDAQ:AAPL) traded in a range yesterday that spanned from a low of $176.41 to a high of $178.66. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $176.19 on volume of 13.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Apple Inc has traded in a range of $96.42 to $183.50 and is now at $178.54, 85% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders apple inc

Ticker(s): AAPL