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AAPL Breaks Out But Acts Sluggish


Thursday October 17th, 2013
AAPL Breaks Out But Acts Sluggish
by Mike Paulenoff www.MPTrader.com

Apple Inc. (AAPL) is a bit disappointing at the moment, because once it hurdled 502.40/60, it should have accelerated quickly towards the Oct 10 high at 509.44.

Instead it is languishing and churning above its Aug-Oct resistance line at 502.

Hopefully, this resistance line will remain support in the hours directly ahead, and will provide the next launch pad for the expected thrust towards 510 next.

Just the same, I maintain tight stops at 500.90.

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