AAPL’s minor 5 did unfortunately not reach as high as I’d ideally would have liked to see based on the bull flag it formed and Fib-extensions, but since we only interpret the market and not make the market it’s as good as we gets. 251 more words
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”Has the ‘Curse of the Dow’ finally caught up with Apple?” Saqib Iqbal Ahmed reports for Reuters. “Shares of the iPhone maker have been in a rut since posting disappointing quarterly results in late June, falling to a six-month low of $113.25 on Tuesday.” 362 more words
”The tech giant is in correction territory and sitting below its 200-day moving average after dropping nine times in the past 10 trading sessions. It’s on pace for a 10th decline in 11 sessions Tuesday,” Kristen Scholer writes for The Wall Street Journal. 365 more words
”The smartphone refresh cycle has maintained its course due to the rapid depreciation of mobile components and the ongoing commitment to two-year mobile contracts,” Alex Cho writes for Seeking Alpha. 405 more words
”Apple shares are down significantly for the second day Tuesday – bringing investors’ paper losses to staggering levels and putting the stock further into correction territory,” Matt Krantz reports for USA Today. 344 more words
”China has been weighing heavily on Apple lately — at least in the minds of the financial press,” Philip Elmer-DeWitt writes for Fortune.
“With the iPhone sliding into third place in China, the Shanghai Index falling 26% in six weeks, and December’s tough compare looming, things must look pretty bleak to the algorithms that just pushed Apple’s share price into correction territory,” P.E.D. 272 more words