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Shares of Apple Inc (NASDAQ: AAPL) Hit Speed Bump

|Includes: Apple Inc. (AAPL)

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 Appleā€™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