Apple computer was one of the most actively traded stocks on the Nasdaq today as the bears pushed the price lower by 6.33%. As you can see from the chart below, AAPL is about to test the support of the 100 DMA, which is an area that we'd expect to act as strong support. We'll keep a neutral outlook on the direction of AAPL until we see it close below the 100 DMA support, or back above the upper resistance of the 15/50 DMA.



AAPL_020606.jpg

You May Also Like

Related Analysis
  1. Stock Analysis

    Teva Pharma to Acquire Allergan: Analysts Weigh In

  2. Stock Analysis

    Here's Why Analysts Bullish On Skyworks Solutions

  3. Investing Basics

    Is Divestment Destroying The Coal Industry?

  4. Trading Strategies

    IPO Flippers And The Companies Who Hate Them

  5. Entrepreneurship

    Netflix's New Strategy: Penetrate Your Hotel Room

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!