Market Overview

The Market is Up, But Apple Isn't?

Share:
The Market is Up, But Apple Isn't?
Related AAPL
The Lowdown On Activist Investing
Weak GDP Data, Plunging Oil Renew Questions About Strength Of Economy
Most Likely, Biggest Capital Gain, In Next 3 Months: Apple, Amazon, Tesla Or Facebook? (Seeking Alpha)

It’s true, and for those watching the key 50 day moving average, they’re a little worried.

The Dow is up nearly 100 points in late afternoon trading with the S&P and NASDAQ up nearly double digits but Apple (NASDAQ: AAPL) is down nearly half of a percent.

Piper Jaffray’s Gene Munster said that he expected a modest dividend increase in late April and Oppenheimer lowered its price target from $600 to $550 but other than that, it’s the same old Apple chatter.

The good news: no technical damage. Apple is still above its 50 DMA and volume is low. The bad news: bulls want to see follow through from the recent move through the 50 day.

The low volume tells traders not to read much into Tuesday’s price action. Stay patient and remember that Apple outperformed the broader market on Monday.

Latest Ratings for AAPL

DateFirmActionFromTo
Jul 2016Hilliard LyonsUpgradesLong-term BuyBuy
Jul 2016BTIG ResearchMaintainsBuy
Jul 2016UBSMaintainsBuy

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Apple Piper JaffrayAnalyst Color News Price Target Technicals Analyst Ratings Trading Ideas Best of Benzinga

 

Related Articles (AAPL)

View Comments and Join the Discussion!