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AAPL Testing Trend Line In Place Since 2009 For 5th Time

|Includes:Apple Inc. (AAPL)

AAPL is revisiting a trendline that has been tested and held firm every year since 2009. This is the 5th test of the trendline. Maybe this is where AAPL finally finds support. The problem for the stock may be that this is one source of profit that investors can sell to meet margin calls or off-set losses in other parts of a portfolio.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AAPL over the next 72 hours.

Stocks: AAPL