Major indices finish lower amid GE earnings disappointment >>> READ MORE

Trouble Ahead for AAPL?

Developing head-and-shoulders pattern could signal breakdown


Apple Inc. (NASDAQ: AAPL) has been a consumer and investor favorite for quite some time, but a trend reversal chart pattern is developing, and we could have a breakdown in the stock that we haven’t seen in quite some time.

Currently trading at $313, the stock has been showing some weakness beginning with the company’s earnings report on Oct. 18. This was followed by a lower high and lower low on the chart.

Now we are seeing a head-and-shoulders pattern developing. If the market continues to drop in the days ahead, AAPL is likely to break down.


The SharePlanner Swing-Trading System is a proven trading strategy that has outpaced all the major indices with an 8-year return of over 1,010%. This year alone it is up 29%, with 64% of the stock picks being winners. It’s an easy trading system that requires very little effort after you buy the stock and great for those who can’t watch the market all the time! Find out more by visiting

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC