“It might be time to sell stocks and buy Apple, technical analyst Carter Worth said Monday on CNBC,” Bruno J. Navarro reports for CNBC. “‘The volume in the case of Apple is almost 10 percent of the float that’s turned over in the last two, three days,’ he added. ‘That’s typically cathartic. It’s the opposite of what’s going on in the market.'”
Navarro reports, “On ‘Fast Money,’ Worth looked at the parabolic move the stock has had over the past year, from $425 to the $700 level and back down to $425. ‘At this point, it’s an epic bounce candidate,’ he said.”
Watch the video in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]