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Apple Stock Analysis



August 05, 2013 – Comments (0) | RELATED TICKERS: AAPL

It's been a long, long time since Apple (AAPL) has tested the 200-day moving average and right now it is doing exactly that with a push into the $470's. I don't focus a ton on moving averages unless there is a history of problems that a stock experiences with them when price and MA interacts as they are about to do here.  With Apple (AAPL) about $80 off of its lows (which formed the double bottom) and no pullback since then, I suspect that the 200-day MA is where we will see that pullback occur. 

 Here's the Apple Chart & Analysis:

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