Market Overview

Apple Sitting Out The Rally

Related AAPL
Apple's iPhone Build Plans Have Been Adjusted Down At Susquehanna
Silicon Valley Is Toast, According To This Analyst
Stocks Fall, Recover After RyanCare Fail; Goldman, Caterpillar Sink Dow (Investor's Business Daily)

Apple Inc. (NASDAQ: AAPL) shares are trading lower by $1.76 at $103.59 in Tuesday's session. Despite the broad market distancing itself from Monday's low, Apple has not been able to accomplish the same.

Rumors of cuts in iPhone production by as much as 30 percent are weighing on the issue.

See Also: Apple Continues To Fall As iPhone Production May Be Cut By 30%

After peaking off the open at $105.85, the issue began to move lower. So far, it has found support above Monday's low ($102) at $102.41 and rebounded back into the $103 handle.

It should be noted that the lows from the last two sessions represent the two lowest intra-day lows in the issue since it bottomed during the Flash Crash at $92.

Posted-In: Premarket outlookTechnicals Intraday Update Movers Trading Ideas


Related Articles (AAPL)

View Comments and Join the Discussion!