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Apple Matches Post-Earnings Low And Rebounds

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Apple Inc. (NASDAQ: AAPL) shares are trading lower by $3.89 at $116.68 in Tuesday's session. Negative comments by a Credit Suisse analyst regarding potential iPhone 6s sparked a selloff in the issue.

The ensuing decline has found support in a familiar area. The day after Apple's Q4 results were released the issue bottomed at $116.06 the following day and rallied to $123,89 over the next six sessions.

At 2:25 p.m. ET, Apple matched that low and is attempting to reclaim the $117 handle.

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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Posted-In: Premarket outlookTechnicals Intraday Update Movers Trading Ideas

 

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