Thursday, March 17, 2011

Apple (AAPL) Breaks Uptrend

Apple (AAPL) successfully tested and held its long-term uptrend channel three times this year, but yesterday the uptrend finally failed to hold. As shown below, the stock broke the uptrend yesterday but managed to trade higher from the open to the close. Today the stock opened down by a few points, and it has continued lower to its current level of $333.50, which is down nearly $12 on the day.

No comments:

Post a Comment