Friday 13 April 2012

AAPL - Friday' intra-day Update

Apple is seeing some interesting action today. Clearly, its being sucked down as part of the general market weakness, but also due to the GOOG post-earnings reaction.

AAPL - daily, near term


If $600 fails to hold, then 585/580 would likely occur within a few trading hours. I guess the 50day MA at 556 early next week would also be a valid target for the AAPL bears.

AAPL is interesting to watch as we move into the latter part of the day. Personally, I've never traded it, its too expensive! They need to do a 3 for 1 split this summer, and I'm guessing they will.