Apple Stock has been tumbling for 8 straight days. The last up day was April 20 when the stock closed at $107.13.
Since April 20 the stock is now down to $92.40 intraday today. This is a decline of $14.73 for a loss of 13.7%.
Apple Stock Chart
The daily stock chart for Apple Stock below shows the extent of the damage being done. The Stock is now down at 52 week lows which are at $92. The initial sell-off prior to earnings has increased after earnings and the decline seems ready to test the 52 week lows.
Money Flow shows that sellers are dumping shares quickly and the money flow indicator is now showing deeply oversold.
The Accumulation-Distribution Indicator shows the stock is being sold but it is only showing a slight negative reading of minus 8.8 million. This advises that despite the stock’s decline larger investors are not as concerned and are not “dumping” their shares of the stock.
Apple Stock Monthly Chart to May 2 2016
This sets up another round of trades in Apple Stock as I am continuing with the Million Dollar Challenge in Apple………..The remainder of this trade alert and strategy discussion an Apple Stock is for FullyInformed Members.
Apple Stock (AAPL) 8 Day Tumble Sets Up New Trade Alert
FullyInformed Members can read this Apple Stock trade alert and strategy discussion directly through this link or they can sign in to the full members site here. Non-members can join here or discover the benefits of a membership.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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