Apple: Short-Term Momentum Remains Negative As Price Stays Below $117
Petros Steriotis | Dec 08, 2014 05:13AM ET
Apple Inc (NASDAQ:AAPL) shares have been trading between their 10- and 20-day moving average during the last 5 sessions. This is indicative of a consolidating market. The short-term momentum remains negative as long as price stays below $117 but the long-term trend is clearly up. I still believe that AAPL will re-visit its all time highs in the $120 area before year-end.
AAPL, daily chart (3 months):
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