Is The Apple Stock Rebound Ending?

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The rebound in Apple Inc.'s AAPL stock is losing steam.

On April 29, the company reported earnings. Even though the quarter was better than expected, a sell-off followed after shares hit resistance at $137. By May 12, shares fell to $123.

Then Apple's stock staged a small rebound and reached $127, but the rebound seems to be ending. Shares were down Monday, and they're still in a monthly downtrend.

Apple's stock trades around $126.59 per share at the time of publication.

See Also: Cathie Wood Cuts Apple Stake Almost Entirely — And Buys More Coinbase

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