A Technical Look At Apple, Priceline.com And Siemens
Dr. Duru | Jun 26, 2013 02:22PM ET
- Apple
In one month, Apple (The euro has been creeping upward and Siemens has kept knocking on the upper bound of a three-month trading range. It is now closer than ever to a big breakout after printing a false breakdown below the 50-DMA that ended in a hammer pattern puncturing through the lower-Bollinger Band. That move was a promising sign of a washout of sellers that can clear the way for an extended rally.
If the breakout does not happen this week for SI, I will have to pull in my horses and await a new buying opportunity.
Be careful out there!
charts: FreeStockCharts.com
Full disclosure: long AAPL shares and put spread, long SI calls
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