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Friday, June 17, 2011
Apple (AAPL) Breaks Below 200 Day Simple Moving Average for First Time Since April 2009
One of my buds on twitter just mentioned Apple (AAPL) broke below the 200 day movingaverage for the first time in a few years. Technically it is half right - the 200 day simple moving average is $325.50, while the 200 day exponential is $320.50ish. So still above the latter (which I use) but now firmly below the former (which many others use) by a good $3.50.
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This is the first time in over 2 years that has happened. Obviously this is the de facto 'bell weather" stock.