Apple: chart of the day
Comment of the Day

February 15 2012

Commentary by David Fuller

Apple: chart of the day

David Fuller's view Following clear acceleration above its 200-day moving average and a temporary break above the psychological $500 level, Apple (weekly & daily) saw a 5.4% reversal from its high today, forming a big downside key day reversal. Follow through tomorrow, including a lower close, would provide further evidence that a peak of at least near-term significance has been reached. The outlook is for this wonder company is at least a reversion to the trend mean represented by the MA.

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