$AAPL Flashes a Buy Signal on Weighted Put-Call Ratio
By Lawrence G. McMillan
Apple ($AAPL) has just triggered a buy signal based on our weighted put-call ratio, one of our more reliable sentiment-based indicators for this stock. Historically, these signals have generally preceded intermediate-term rallies in $AAPL, and the current setup looks promising.
From a technical perspective, $AAPL recently broke out of its short-term downtrend, forming a series of higher lows and consolidating just beneath resistance. That resistance has now given way, and the next logical upside target is the 200-day moving average.
The chart at the top of the page shows the weighted put-call ratio and its recent buy trigger. Below, the price chart illustrates the technical breakout and rising trend structure.
These Put-Call Ratio charts, and a list of new daily signals, are published daily as part of The Strategy Zone, our do-it-yourself research product designed for active traders and investors.
Get access to daily trading signals and market insights with The Strategy Zone:
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.
