Market Overview

Apple Could Slide Towards $420, Creative Global Says

Related AAPL
Weekly Options Preview: 4 Factors To Watch And 5 Trading Ideas
Re/code Reports Apple to Acquire Radio App Swell for $30M
Cavuto: Call for Consistent Press Standards (Fox Business)

Shares of Apple (NASDAQ: AAPL) are down 0.9 percent to $526.80 ahead of first quarter earnings due to be released after the close.

Creative Global believes the shares will remain under increasing pressure, and in the medium term may move towards $420. As innovation slows and competition increases, shares could slide, analyst Carlo Besenius said.

Besenius also believes the technical setup is negative.

The analyst has a Sell rating on the stock.

Posted-In: Carlo Besenius Creative GlobalAnalyst Color Analyst Ratings


Most Popular

Related Articles (AAPL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters