Apple Poised To End Six-Year Winning Streak

Apple Inc. AAPL shares are trading lower by $1.34 at $106.69 in Monday's session. Unless it can mount a nearly $4 rally by Thursday, it will end the year in the red. This will bring to an end a six-year streak that began on 2008 at $12.19.

After ending 2014 at $110.38, it surged to its all-time high in April ($124.54) following a better-than-expected Q2 report. It made a low for the year ($92) on the day of the Flash Crash (August 24).

For now, major resistance stands at the $120 level, as the issue tested but failed to breach in several times in late November and early December. Major support comes in just under $106, where stands a double bottom from December 18 ($105.81) and December 19 ($105.57).