Hello! This is the news page for Apple Inc. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
As for trends on AAPL, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.
AAPL Moving Averages
Nuances in the trend on AAPL can be understood by observing the behavior of its moving averages. Of the 20, 50, 100, and 200 day averages — three of them (all but the 50) — are bullish, implying a upward trend, aside from a fall about 2 months prior. Moreover, it should also be noted that the 50 SMA just turned bearish today.