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I think there is alot of overhead resistance now on Apple. To take interest the stock IMO needs to break back above those moving averages, especially the 50 which is now starting to downtrend. I would consider the stock if it pulls up towards $90, but until then I dont think the odds are strong enough.
__________________ Blain Reinkensmeyer
Founder, stocktradingtogo.com
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Look at the MACD, it is at the same level before the stock made that big push to nearly $100. Seems to me that Apple Computers could make in position for that push towards $90. The longer AAPL is down at these levels though and lower the more the 50 will start to downtrend, not good.
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