Apple Daily Trend Remains Negative
Petros Steriotis | Oct 20, 2014 05:49AM ET
On Friday Apple Inc (NASDAQ:AAPL) rebounded from its two-month low, but the daily trend remains negative as long as price trades below $99. Except from Friday’s prompt reaction, it is positive that AAPL came back inside the 98-103 range that prevailed since mid-August. Given the stock’s relative strength opposite the rest of the market, I still favor AAPL as a long and stick with my scenario of new price records before year-end.
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