Apple Stock (AAPL) Falls Again

Things aren’t looking too hot for Apple Computers (AAPL) as the stock has been on a bad slump lately. Today the stock lost another $1.45 and closed at $59.77 a share. Why should you keep an eye on this company?

  1. It fell below its 200 day moving average yesterday which was a support line. The stock is now trading below the 50 and 200 day moving averages, not good.
  2. Today was a heavy distribution day. The stock traded over 45 million shares while the average daily volume is normally close to 34 million. It isn’t just average traders who are selling, the big institutions were heavily involved today.

With that said I would keep a close eye on this stock and stay away from taking a position unless something changes technically. Good luck to all AAPL shareholders.

More on this topic (What's this?)
Buy, Sell or Hold: Apple Inc. (Money Morning, 11/10/08)
Apple (AAPL): Steve Jobs' Replacement? (market folly, 11/19/08)
How Low Will Apple Go? (Investor in the Wilderness, 10/16/08)
Read more on Apple at Wikinvest

Discuss this post in the StockTradingToGo Forum.

Subscribe To StockTradingToGo.com

Receive our investment research for free to your mailbox. More stock tips, picks, news and more. Just enter your email below:


-- Posted by Blain Reinkensmeyer on June 1, 2006 at 2:03 am --

Related Posts:

Comments on "Apple Stock (AAPL) Falls Again" are closed.

Name (required)
E-mail (required - never shown publicly)
URI
Subscribe to comments via email
mrgreen neutral arrow idea ? ! -) roll twisted evil cry oops razz mad lol cool ??? shock eek sad smile grin
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.