Apple Technical Preview: Day Of Indecision

 | Mar 24, 2015 12:33AM ET

Day of indecision for Apple Inc (NASDAQ:AAPL) shares on Monday as they opened with a gap up but lacked momentum and traded within a small open-to-close daily range. The previous two consecutive red candles that closed on their lows make me sceptical about current upside potential. The stock is trading along its 20-day SMA, showing some indecision.

AAPL daily chart (3 months):