Apple Inc. AAPL shares are trading higher by $0.56 at $100 in Tuesday's session. The issue has been under constant selling pressure since early November as Wall Street analysts have been lowering estimates for iPhone sales.
Since that time, it had immediate rebounds to the $120 level and last week came within $1.42 of its Flash Crash-low, when it bottomed on January 20 at $93.42.
That entire area may act as support if the report disappoints. If the company can beat lowered expectations, there may be only minor resistance points until the pair of highs from January 4 ($105.37) and January 5 ($105.85).
The company will release Q1 results after the close. The Street is estimating EPS of $3.24 with revenues of $76.76 billion.
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