Market Overview

Apple Sitting Out The Rally

Related AAPL
4 Ways To Make Quick Cash With These Tech Companies
Technical Alert: Apple Not Participating In Monday's Rally
Apple: What If Interest Rates Go Up? (Seeking Alpha)

Apple Inc. (NASDAQ: AAPL) shares are trading lower by $1.76 at $103.59 in Tuesday's session. Despite the broad market distancing itself from Monday's low, Apple has not been able to accomplish the same.

Rumors of cuts in iPhone production by as much as 30 percent are weighing on the issue.

See Also: Apple Continues To Fall As iPhone Production May Be Cut By 30%

After peaking off the open at $105.85, the issue began to move lower. So far, it has found support above Monday's low ($102) at $102.41 and rebounded back into the $103 handle.

It should be noted that the lows from the last two sessions represent the two lowest intra-day lows in the issue since it bottomed during the Flash Crash at $92.

Posted-In: Premarket outlookTechnicals Intraday Update Movers Trading Ideas


Related Articles (AAPL)

View Comments and Join the Discussion!