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After Yesterday's Rally of 2.23% Shares Could Potentially Pullback

By Shiri Gupta

Apple Inc (NASDAQ:AAPL) traded in a range yesterday that spanned from a low of $306.87 to a high of $308.39. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $300.90 on volume of 18.3 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 recommended that subscribers consider buying shares of Apple Inc on August 20th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $211.84. Since that recommendation, shares of Apple Inc have risen 43.1%. We continue to monitor AAPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Apple Inc have traded between a low of $149.22 and a high of $308.39 and are now at $309.24, which is 107% above that low price. The 200-day and 50-day moving averages have moved 0.73% higher and 1.21% higher over the past week, respectively.

Keywords: rebounders apple inc

Ticker(s): AAPL