Apple Struggles With Psychological $100 Level

Apple Inc. (NASDAQ: AAPl) shares are trading lower by $0.49 at $99.86 in Tuesday;s session. The issue has been pausing over the last few sessions after a $10 following the announcement of Warren Buffett's $1B stake in the issue. last Thursday, the issue peaked at $100.73 and found sellers ahead of that level on Friday at ($100.47) and in today's session at $100.40. Also, the high close of the move was made last Thursday at $100.41. It did manage to close near that level on Friday ($100.35), but that area has formidable resistance in today's session. After only a $1.27 range on Friday, Apple has been in tight range so far in today's session. At this time, it has found intraday support ahead of Friday's low ($99.25), with the current low stand at $99.54.