Approaching Some Critical Levels
Does anyone look at the 50-day moving-averages anymore? I realize the fuss is all about Apple (AAPL) these days, but I find it curious I have not seen much chatter about the various Nasdaq indices and their 50-day lines.
I have commented on Apple enough of late, so I won't spend more time on it now -- but the bottom line is that this stock is showing a head-and-shoulders top. The shares saw light volume on the bounce last week, and the eventual downside target is at or near $610. I fully expect the stock will rally at some point before it gets to that target. In fact, it might take months to get there. So I say we should stop fussing over Apple. In the meantime, Google (GOOG) has met its upside measured target, yet no one seems to be fretting there....415 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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