Apple: Short Term Trend Remains Up As Long As Stays Above $110.50
Petros Steriotis | Nov 18, 2014 04:19AM ET
Apple (NASDAQ:AAPL) share price remained pretty much unchanged yesterday, holding on to its record highs. We may see some days of consolidation around current levels, before new price records are marked. The short-term trend remains up as long as price stays above $110.50. This means that speculative long positions should exit the market at 110.50. The market is significantly overextended here as the 50-day MA is roughly 10% lower.
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