AAPL Breaks Out But Acts Sluggish

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.

  Matched “”
x
Try Us Free For 14 Days!
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!