AAPL Chart Watch: Sitting on 50DMA, Still On Uptrend, Above 200DMA (for now!)

9-year AAPL chart (see below)
Here's a quick look at Apple's chart (AAPL) that hasn't officially broken down yet. AAPL is sitting right on the 50 day moving average today, and still holding the 200DMA and recent uptrend from 2010. Monitor this trend closely to see if it breaks down and starts a new bear market. I'm going to watch the options as well going forward. AAPL peaked out around $200 in 2008 before hitting $75 in the previous bear market. Also, if you look at the first chart, AAPL's 9-year uptrend line (support) hits today around $275-$325. The MACD and RSI indicators are interesting as well. If AAPL goes, so goes QQQ. Or, maybe it means competitors like Google or Amazon are gaining ground. See charts after the jump if on the index page.

News:
Canaccord Genuity: Kindle Fire will take 15.3% of tablet market (Fortune)
Canaccord Reiterates Buy, $560 Target on Apple (Benzinga)
JP Morgan Maintains Overweight, $525 Target on Apple (Benzinga)
UBS Analyst Maynard Um: iPhone Growth to Boom in Holiday Season, AAPL target $510 (Mac Observer)
UBS Dismisses iPad Concerns on Corning Glass Warning (Mac Observer)
Apple's best November ever saw supply chain sales spike 17% in one month (AppleInsider)
Ticonderoga Securities analyst has $666 target on Apple, sees positive supply chain (CNBC Video)
Apple: Retail Growth to Re-Accelerate, Says Barclays (Barrons)
EU in antitrust probe of Apple, e-book publishers (AP)
Acer likely to launch ultrabooks priced from US$699-799 in 2012, say sources (Digitimes)
Amazon's Kindle Fire Will 'Vaporize' Android But Leave Apple Unscathed (Reuters)
Apple loses ‘iPad’ trademark in China (Zdnet)


AAPL 9-year trends and more via StockCharts.com  

$AAPL from 2009 via StockCharts.com

$AAPL in 2011via StockCharts.com

Related Posts

Comments

HTML Comment Box is loading comments...