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Market Rips, Apple Still Cannot Catch A Bid

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February 27, 2013 – Comments (0) | RELATED TICKERS: AAPL

Apple Inc. (NASDAQ:AAPL) is trading at $444.88, -4.09 (-0.91%) while the S&P 500 (INDEXSP:.INX) surges 1,512.81, +15.87 (1.06%). This shows major weakness in the stock, signs it is highly likely to go lower. The key supports on the daily Apple chart remain $421.00 and $395.00. The daily chart is almost forming a solid bearish base.

Gareth Soloway
InTheMoneyStocks

 

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