July 20, 2010
Shares of Apple Inc (NASDAQ: AAPL) have lost ground since reaching an all-time high of $279.01 on June 21.
Now the company is facing criticism for their handling of issues regarding the widely reported reception troubles of the iPhone 4.
Add to this are concerns over Apple’s quarterly earning results to be announced on Tuesday.
Although share prices have lost ground, they are holding above May lows and selling on Monday, July 19, stopped intra-day at $240 a share and closed at $245.58.
A close below $240 a share would likely result in lower lows for this widely followed stock.
A close above $262.90 a share, The July intra-day highs, would likely result in a run to the old highs.
Disclosure: no positions