Apple Sells Off, Stock Down 2%
Posted on Tue 12th Dec, 2006 11:58:08 AM
Shares of Apple Computer (AAPL) are on route for another distribution day, perhaps a heavy distribution day if the volume can succeed 23 million. As of about noon EST the stock is trading right around $87, with a low on the day of $86.31. Ever since the stock fell under $90 support last week the stock has been on rough tracks. As the 50 Day Moving Average continues to move up though we may see some buying opportunities here in December or early January. Keep Apple on your watch lists.
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