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Saturday, October 24, 2015

Charts - $aapl

Interesting position. Daily is overbought. A condition that usually merits a interim sell.

But earnings report is this week, and anything can happen. Longterm trends suggests a move higher, solidifying a breach from negative trading and a new trading dynamic. Or a move towards the highs.

Since this is aapl, and everything is viewed through a negative lens, a penny miss or a 1/2basis point miss on margin expectations could drag the stock down 10%. 

AAPL's trailing be is below average, and below SP500. A simple reversion to mean, brings the stock to 140-150. 

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