Apple Reaches Lowest Level Since March

em>Joel Elconin is the co-host of

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Apple Inc

shares are trading lower by $1.15 at $121.42 in Thursday's session. After a higher open, ($123.85 vs, Wednesday's close of $122.67), it only managed to rally $124.06 before reversing course. So far, the decline has reached $121.31 and at this time has not been able to mount much of a rebound. The current low exceeds the former low of the trading range ($121.63) that was made on March 12, prior to its rally to its all time high ($134.54). It should be noted that high was made the day following its blockbuster Q2 earnings report. The company is due to report Q3 earning on July 21 and the current estimates for EPS stand at $1.76 on revenues of $48.