For the third time since early October, shares of Apple (AAPL) find themselves being stymied around the $320 level. Over the course of two strong days for the Nasdaq, the index's largest company has underperformed on both of them. At a level of $318 and change, though, the stock is still within 1% of a 52-week high, so for those long the stock, it's hard to get too worried.
That being said, when we looked at the performance of AAPL's stock during the month of December over the last decade, the stock has hardly been a stellar performer. Since 2000, the stock has averaged a decline of 1.15% during the month of December, with positive returns only 50% of the time. Interestingly, the stock has also followed a pattern of rising in every year since 2000 ending in an odd number and declining in every year ending in an even number. Shorts in the stock are hoping that the pattern and AAPL's Maginot line continue to hold.
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