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$AAPL Slams Into Moving Average, Signals Possible Market Top!

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April 04, 2016 – Comments (0) | RELATED TICKERS: AAPL

Apple Inc. (NASDAQ:AAPL) slammed into its daily 200 moving average today. The stock has jumped from $92.65 to a high today of $112.19. That is a gain of 21% in approximately six weeks.

 

The 200 moving average should be significant resistance and could likely signal a near term market top. The reason why $AAPL has so much power over the market and could possibly signal a top is due to its weighting in the NASDAQ 100. Being the biggest company in the world, Apple literally moves the market.

 

Chart: https://verifiedinvesting.com/uploads/files/aapl04.04.2016.JPG 

 

Gareth Soloway

InTheMoneyStocks

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