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Apple Having Its Worst Day Since November

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Apple Inc. (NASDAQ: AAPL) shares were seen trading lower by $4.25 at $151.122 in Wednesday's session. The nearly 3-percent decline at its current price marks its worst day since Nov. 14, when it fell from $108.43 to $105.71, or 2.5 percent.

After a lower open, it attempted to rebound but found resistance just ahead of the lower-end of Tuesday's range ($154.72), only reaching $154.57 before continuing its move lower. The ensuing decline has taken the issue to $150.00, and it now attempting to remain in the $151.00 handle. Based on the daily charts, if the current low is breached, there may be limited support until its May 8 low of $149.03.

Posted-In: Technicals Intraday Update Movers Tech Trading Ideas


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