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Apple's Stock Trading Far Above Its Trend Line

 April 22, 2012 09:08 PM

(By David Templeton) Apple (AAPL) stock continues to dominate headlines from day to day. Of particular importance will be the company's earnings report on Tuesday after the market's close. Over the last nine trading days, the price of Apple's stock has declined from an all time high of $644/share to close on Friday at $572/share, just above its 50 day moving average of $569/share.

From The Blog of HORAN Capital Advisors

The below chart shows AAPL's stock price relative to its longer term trend line. The trend line support is around $449/share which is near its 200-day moving average price of $438/share. Interestingly, the year to date advance in the company's stock price has occurred during a period of declining trading volume for the stock. For investors, does this gap above its longer term trend warrant caution?

From The Blog of HORAN Capital Advisors
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