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TMCNet:  Watch for Apple to Potentially Rebound After Falling 1.78% Yesterday

[February 25, 2013]

Watch for Apple to Potentially Rebound After Falling 1.78% Yesterday

Feb 25, 2013 (SmarTrend(R) News Watch via COMTEX) -- Apple (NASDAQ:AAPL) traded in a range yesterday that spanned from a low of $442.57 to a high of $455.12. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $442.82 on volume of 13.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend is tracking the current trend status for Apple and will alert subscribers who have AAPL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Apple share prices have been bracketed by a low of $435.00 and a high of $705.07 and are now at $442.80, 2% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.4%.

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

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