Apple Bears vs Bulls: Who Will Win?
C = Catalyst for a Stock’s Movement
Apple designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The products sold by Apple have seen strong demand worldwide for a multitude of reasons: ease of use, aesthetics, and capabilities of the software to name a few. As an increasing number of countries continue to develop, look for Apple to expand and make a significant presence outside of the United States.
T = Technicals on the Stock Chart are Weak
Most investors are aware of the returns that Apple has generated over the years. The stock made all-time highs last year near $700 per share but has recently tumbled down about 35 percent. The long term uptrend is still in tact, however, the recent pullback may be reasons for concern. Currently, price action is pointing towards consolidation in the near-term.