Trouble Ahead for AAPL?

Developing head-and-shoulders pattern could signal breakdown

   

Trouble Ahead for AAPL?

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.
aapl112910 Trouble Ahead for AAPL?

 

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Article printed from InvestorPlace Media, http://investorplace.com/2010/11/apple-aapl-head-and-shoulders-pattern-could-signal-breakdown/.

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