“It took six months, but Apple Inc.’s downtrend appears to have finally run its course,” Tomi Kilgore reports for The Wall Street Journal.
“Apple quietly tested, then aggressively broke through, a widely watched downtrend line that began at the Sept. 21 all-time intraday high of $705.07,” Kilgore reports. “It was the first time Apple had cracked the trend line since it was initiated, and the stock’s behavior around that trendline on very short-term charts on Monday helps confirm its longer-term importance.”
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