How Important is Apple’s 200-day moving average?

Very.  It’s been the dike that has kept the Bear Sea at bay

Apple’s stock managed an impressive bounce off the its 200-day moving average yesterday.  It was the first time the stock has come within $1.00 of the 200-day since November 2011 and only the third time in the past three years. *

In fact,  AAPL has only moved below its 200-day moving average twice sense the crash lows, closing only seven times under the 200-day since it crossed over in early April 2009.  Of those, six took place in the June 2011 streak.

The stock continues to trade poorly and can’t seem to hold a bid. We sense the size and over ownership of Apple limits new buyers and traders are looking for a new catalyst to jump back in.   We’re watching the 200-day like a hawk.   Keep it on your radar.

Stay tuned.

*  Only including one observation from the streak of closes below the 200-day in June 2011.

(click here if chart is not observable)

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3 Responses to How Important is Apple’s 200-day moving average?

  1. Pingback: Bears Breach Apple’s 200-day | The Big Picture

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