Apple Buyers Getting Scarce, Stock Stalling

After reporting blowout earnings yesterday, shareholders of Apple AAPL were rewarded with a 7% afterhours pop from $376.85 to $405. Since hitting that high, however, shares have been steadily sold off, currently trading up 3% from yesterday's close to $388.25. The stock could not climb above $400 in today's premarket action, and has been under significant selling pressure since the opening bell. That selling, along with a lack of big buyers at such inflated prices, has shares sitting at the bottom of their intraday range. The levels to watch for the remainder of the session are the stock's intraday low of $386, and the last level of intraday resistance at $390.99. A break below or above either respective area could see a big percentage move, as the trade becomes more clear.