Apple’s Drop Now Too Large To Ignore

It looked like Apple (AAPL) might be establishing a foundation at about $560. With the stock declining, this stopping point is important. The steady rise to $644 produced no clear support levels, and the stock needs a foothold to encourage investors and prevent frustrated selling. Then along came today’s breakdown.

What next?…

This article is posted on SeekingAlpha.com

This entry was posted on Wednesday, May 16th, 2012 at 4:26 pm and is filed under Investment Insights. You can follow any responses to this entry through the RSS 2.0 feed.