Apple: Hits A 1-Month Low

 | Dec 17, 2014 07:28AM ET

Apple Inc (NASDAQ:AAPL) shares made a one-month low yesterday, breaking down below their 50-day SMA. Next support at the 100-day SMA, around $104. Only a close above $112 will change the daily trend to positive, so there is a long way to go before a short-term momentum reversal can be confirmed. AAPL’s weakness has taken its toll on the general market, too, given its huge market cap.

AAPL, daily chart (3 months):