AAPL - back in the 300s

Apple (AAPL) fell with the main indexes today, closing -2.7% @ $392. This was the first daily close below $400 since Jan'2012. Near & mid term trends both look weak, and primary downside target for May/June is the lower monthly bollinger band - in the 320s.


AAPL, daily

AAPL, monthly

Summary

Suffice to say, AAPL remains on the slide, and the $700s - from Sept'2012 now look an almighty ways higher.

AAPL remains one of the better companies out there, with a customer base that dwarfs just about every company out there..yet price trend IS still falling.

The low $300s look likely into the early summer - even if the main market doesn't particularly slip much below sp'1400.

At some point AAPL will floor, and it when the big monthly trend starts to turn...there will be very significant upside ahead. Yet..that time is clearly some months away.