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Apple Inc Crunch Time

By: readtheticker | Friday, December 14, 2012

Apple Inc bulls must stand up and be strong in the next few days, otherwise selling volume will sink Apple stock price below $500.

The bulls must turn up in the next few days, or at the very least the bears stop selling. If not the SMA 400 could be breached. The SMA 400 is at a nice round number $500. Thus a critical time is upon us. The faithful are buying. But the stock as gone from $70 to $700 and giving many large multi year capital gains the will be subject to a very large capital gains tax if they do not SELL. The retail investor need not rush in. More down to sideways action is expected on Apple Inc in our view.

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Author: readtheticker


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