$Apple(AAPL)$This is a technical analysis article. Apple has just dropped to the next support level and is having a technical bounce from oversold.
We will look at the fundamental metrics because our SID computer system uses both technicals and fundamentals to rate Apple as a Hold.
In this latest drop, Apple started underperforming the Index, hurting portfolio performance and most portfolios own this stock.
The big advantage of Apple is that price does as well or better than the Index. This may be changing for the short term.
Portfolio managers avoid underperforming stocks, so this negative change in Apple needs to be reversed as it has in the the
Technical Analysis
Here is the place for you to discuss & learn about technical analysis.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments