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InTheMoneyStocks.com
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InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
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  • AAPL At Risk Of Erasing Earnings Pop 0 comments
    May 3, 2012 12:35 PM | about stocks: AAPL

    Apple Inc. (NASDAQ:AAPL) is at major risk of erasing the earnings pop. The stock shot up on quarterly earnings results, jumping from $560.28 to $618.00. Since that initial pop on earnings Apple has fallen almost every day.

    Today, Apple is resting on the daily 50 moving average at $583.49, -2.49 (-0.42%). A close below this level would dictate a continued down move to $560.28 and possibly lower. While analysts were cheering the earnings results and upgrading the the stock north of $900 per share, smart investors were staying away due to an over hyped story and extended chart. Staying away from Apple above $600 was the right move. Here at InTheMoneyStocks we advised our members to stay away as the hype was just too large. This proved to be the correct trade.

    Gareth Soloway
    InTheMoneyStocks.com

    Stocks: AAPL
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