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AAPL shares have retreated as retail and meme stocks take the headlines AAPL shares have really not been right since reporting strong earnings on April 28 despite the stock making renewed efforts at a rally. However, this move has stalled late last week as AMC and other meme names returned to grad traders' attention leaving Apple to slip quietly back toward $125. The sideways, directionless trend looks to continue. Those results back in late April really were knock out but the stock failed to react accordingly. Earnings per share were reported at $1.40 versus the average analyst forecast of $0.99, a 40% beat. AAPL shares were trading at $131 at the time of earnings and popped up to $137 before gradually sliding back to $122. This was a strong support zone as evidenced in the chart with a large period of consolidation back in March and April. The 200-day moving average also played its part in halting the AAPL slide. Apple shares have made a new series of lower lows and higher highs signifying a new uptrend. Friday's price action was a little disappointing as AAPL slipped out of the nascent uptrend and put it into question. As we have demonstrated previously, levels sub $125 so represent a strong support region.