APC trade ideas
APPLE BUZZAAPL has shown strength despite lots of negative news. Compared to the S&P 500 the stock has under performed past couple of years and only recently showed some strength. There is 20-50 EMA cross over with price well above the 200 day EMA (pink), bullish candlestick pattern. A/D is trending upwards and MACD is in positive territory.
I would take a short term bet on this stock with a stop loss at 112 levels. On the upside stock has potential to reach 124 before the Q4 numbers come out.
