Hi Jill,
I wouldn't be surprised to see a pullback to the lower BB rail.
stockcharts.com[w,a]daclyyay[dd][pb50!d20,2][vc60][iLp14,3,3!Lyb20,2.0]&pref=G
The 50 sma currently sits at $38.10, or about $1 below the lower BB rail ($39.16). If support at the lower BB rail fails, then the 50 sma will get tested.
I think it is unlikely AAPL will trade down to these levels, but certainly possible. A more likely scenario is that AAPL trades sideways and consolidates here, while the 50 sma rises to meet both AAPL and the lower BB rail as both move sideways.
There is chart support at $40, and solid chart support at $35 on the weekly chart:
stockcharts.com[w,a]waclyyay[dd][pb20!d20,2][vc60][iLp14,3,3!Lyb20,2.0]&pref=G
.... all IMHO, of course.
T |
