SIP Trunking

SIP Trunking Industry News

TMCNet: Look for Shares of Apple to Potentially Rebound after Yesterday's 2.42% Sell Off

[February 20, 2013]

Look for Shares of Apple to Potentially Rebound after Yesterday's 2.42% Sell Off

Feb 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- Apple (NASDAQ:AAPL) traded in a range yesterday that spanned from a low of $448.80 to a high of $457.69. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $453.85 on volume of 16.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.


Apple share prices have moved between a 52-week high of $705.07 and a 52-week low of $435.00 and are now trading 3% above that low price at $449.07 per share. The 200-day and 50-day moving averages have moved 0.21% lower and 0.77% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Apple on January 14th, 2013 by issuing a Downtrend alert when the shares were trading at $503.01. Since that call, shares of Apple have fallen 8.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To SIP Trunking Home's Homepage ]
+ Return to SIP Trunking Home


Videos
Resources
Presenting the New Ingate/Intertex Website: Internet+ is an extended Internet access allowing high quality SIP (Session Initiation Protocol) based real-time person-to-person communication, everywhere and for any application. It applies to both fixed and mobile networks ...
+ Visit Now
What's New?
Blogs
eBOOKS
WHITEPAPERS
Webinars
Podcasts
CASE STUDIES
DATASHEETS