Apple Inc. AAPL shares are trading lower by $3 at $93.66 in Wednesday's session. After a lower open, it found resistance near the lower end of Tuesday's range $95.50, only reaching $85.47 before continuing lower.
Based on the daily chart, there is one and only one major support level in the issue. That comes in at its August 24 Flash Crash low of $92.
Two analyst firms released notes on Wednesday, ahead of Apple's earnings report next week. UBS maintained its Buy rating and $130 price target, while Raymond James maintained its Market Perform rating.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
