Contact Center Solutions Industry News

TMCNet:  Watch for Apple to Potentially Rebound After Falling 2.10% Yesterday

[November 15, 2012]

Watch for Apple to Potentially Rebound After Falling 2.10% Yesterday

Nov 15, 2012 (SmarTrend(R) News Watch via COMTEX) -- Apple (NASDAQ:AAPL) traded in a range yesterday that spanned from a low of $522.62 to a high of $539.50. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $536.18 on volume of 28.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend recommended that its subscribers protect gains by selling shares of Apple on October 8th, 2012 by issuing a Downtrend alert when the shares were trading at $641.84. Since that call, shares of Apple have fallen 16.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Apple share prices have been bracketed by a low of $363.32 and a high of $705.07 and are now at $525.85, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has risen 0.4%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To Contact Center Solutions's Homepage ]

Subscribe here for your FREE Contact
Center Solutions
enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!


Weekly Live Demo
CaaS Small Center

Register Today!