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Technology Stocks : Apple Inc.
AAPL 274.11-1.5%Dec 15 3:59 PM EST

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From: sandeep1/8/2013 2:07:58 PM
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+ve technical developments to watch -

a> Near end of Nov, the stock went up above 10, 20 day ema and almost made it to 50 day ema before going down. Once it went below 10-day ema, it did not come back up to 20-day ema till it made a new low with higher RSI (14) and higher MACD.
b> In the beginning of Jan, it went above 10, 20 day ema again and almost made it to 50 day ema before going down. This time, it went below 10-day ema but now has come back up to 20-day ema (this morning) and got stopped. It turned down but is now struggling at 527-28 (10 day ema). This is better action than <a> above. MACD and RSI still +ve. Would be nice for RSI to go above 50.

The rally to earnings may have begun. All we need is the 2 bulls on aapl - gene munster and white to talk up the iphone sales numbers. I think that 45M is a very easily beatable bar. If that is beaten along with great mini/maxi numbers, the stock could take off. The only issue is the Mac. It is a healthy business which seems to have collapsed last quarter because of lack of availability of new macs. But maybe I am misinformed on the fundamentals here.
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