“Apple Inc. has dropped below its 50-day moving average for the first time in nearly a month, suggesting the technical outlook has turned negative,” Tomi Kilgore writes for The Wall Street Journal.
“The stock was down $16.06, or 3.6% at $427.80, and has now lost 7.8% since closing at a three-month high just six sessions ago. The 50-day MA, which technicians use to gauge the intermediate-term trend, comes in today at $434.87,” Kilgore writes. “‘Closing below the 50-day MA is not a ‘magic bullet,’ but it would deem [the outlook] negative,’ said Stanley Dash, vice president, applied technical analysis at TradeStation Securities.”
Kilgore writes, “The key level to watch, Mr. Dash said, is the early-March and early-April lows around $419… If that level breaks, there isn’t much left on the charts until the April low of $385.10.”
Read more in the full article here.
Wednesday, May 15, 2013 – 10:09 am · Reply
I want to take this chance to express my feeling on AAPL and GOOG price tonight !
Is there justice in the world ! Google stock price is now 90x , people buying it like people in earthquake or end of the world buying foods in supermarket .
AAPL at the same time being dumped like u shit .
What kind of valuation is it ? With apple cash , I think google wont have the same amount within the next 20 years . Is that what the mothetfuckers like !? Huh !!
I seriously warn u mothetfuckers , I am not an easy man , I will insult u till I die . Don’t push aapl down to $400 . Don’t test my limit of patience !
Are u gonna make AAPL drop like exactly what GOOG rises ?
Fxck u mothetfuckers . ( sorry for my rude words ) I am just very unhappy .
because APPLE CEO AND TEAM don’t know how to react in this kind of situations, even with those kind of $Bs around.
then sell your aapl stocks jer
wait – dont have any – ah thats why its so easy for you to comment
Oh yeah? it’s been so aggravating to see Apple drops just with rumors since last Sept. and holding Apple is not because of the current team but with products conceived by Steve Jobs. Eventually
I’ll be looking for exit !
September WAS your exit point! $400 area is your reentry point If you feel the need to invest in AAPL again. It will retest the $400 neighborhood before June. That has been pretty well understood by most who follow the stock.
yup, too late now. who knows how the current Apple team assigned by SJ before he passed away going to manage the company. Had
so much confidence in them from the beginning, but now, I’m just
seeing a B team not even an A. Employees voted for full confidence in them because of employment stability (money with stable job). So
far, the team haven’t shown any remarkable achievements, maps?
next new product ? earnings? Still waiting since SJ.
Those fargin bastages will rule the day they mess with Apple.
It’s rude people like you that make the internet an unpleasant place to spend time. You chose to invest in AAPL, you need to accept the consequences. Don’t stoop to namecalling, it won’t make one ounce of difference. Be an adult.
They don’t appear to be listening. Looks like they’re a little tougher and meaner than you. They don’t seem to be worried about your anger issues. Take your medicine and then take a nap.
Awww bless you. Never mind, perhaps you need to see a psychiatrist.
So when Apple buying back program begins to rescue Apple’s shares?.
I don’t see why people are worried. Apple products are tremendously popular. As long as people are buying their products, and Apple is making money off it, that’s all that matters, right?
Nope. Many of us have invested significant amounts in AAPL shares. The stock market games take on new meaning when your a$$ is on the line.
I think that Apple’s silence, what with no recent events or product announcements is shaking up the big investors. I personally think this is because they are working on some very big announcements this fall and are trying not to become distracted by media demands and stupid stock analysts. Long term I believe they are working on more great stuff. Steve did not leave any bozos in charge.
EXACTLY! It’s just a quiet time on the Apple front, and AAPL holders are impatient. That’s not Apple’s fault or responsibility, in my opinion.
Googles shares haven’t been split so they are worth about the same, and people are messing with apple stock in order to make money, once WWDC starts it will shoot up and they will sell and make millions
apples sill making millions on iphone only
add in ipad and imac iTunes and other softwares its a huge amount
very correct, those aren’t from current management but from S J
achievements before he passed away.
The stock manipulation is despicable. Gives money a really bad name.
Nah, money still has a great name. M -O -N -E -Y. Sounds great to me.
You can send all of yours to me if you’re tired of it.
When market rises , Apple drops. When market pulls back , Apple even drops more. Don’t tell me Apple is gonna drop $25 today !!!!!!!!!!!
” ‘suggesting the technical outlook has turned negative,’ Tomi Kilgore writes for The Wall Street Journal.”
Not at all. The technical outlook has not changed. The BS factory has ramped up in the last week. That’s all. Kilgore is just one of the BS generators.
Raymond, walk away for a while, then come back in June 10-14. You will be happy!. 🙂
If you have been watching the Google Keynote you know that they just raised the bar for maps and search significantly. While Cook and Company try to fix the lame Apple Maps application, Google has moved the marker again.
Apple should spend it’s money by inventing the future and instead they are handing it out and taking on debt to please Wall Street.
Apple won’t get extra profit even the map is improved .
Where the mobile market seems to be moving is not where Apple is doing well, nor is it an area that Apple has traditionally done well in.
I am not a doomer, but am not impressed or pleased with what we know or have seen. Cook & Company better have an impressive array of rabbits at WWDC.
Um, have you looked at Apple Maps since it was first released? It’s actually grown into a great service. Not that I ever had a problem with it to begin with in my personal use.
I have tried Apple’s Maps app and it is still behind. if you look at Google’s presentation today you will see how far ahead they are moving the bar for Apple. I think part of the stock price change is an acknowledgement of just how far behind Apple is with it’s lame mapping app.
Among other things.
Also, why is it people assume that Apple ISN’T “investing in its future”? The company has more than enough resources to handle Wall Street’s wolves, the judiciary system, and handling its own future.
Because I’m sure that Apple’s employees are paid to just sit around watching tech news and counting money …
Yeah, that how we got iTools, dotMac, Mobile Me, Ping, iOS Maps and lots of other gems.
Good points all. While Apple does hardware and software better than anyone else, especially when you put them together, Apple doesn’t do services well. That’s just a fact. And I can’t understand why they can’t improve in that area. Google eats their lunch in services. It’s been way too long for Apple services to show no improvements. Or innovations. It’s not like they don’t have enough money and employees to devote to this area.
Apple doesn’t follow. You may think that Apple needs to “do what Google is doing”, but Google is the master of messery. They ruin perfectly good services and have very poor implementations under the hood. As a developer that has tried to work with their multitude of APIs, I’ve seen it first-hand. But from a positive angle, at least they create APIs, unlike Apple’s fully-closed services. Just imagine how great Apple services would be if there were open web APIs!! Wow, that would change the game.
When Apple’s stock rises, Wall Street is looking through the windshield. When the stock starts going south, Wall Street is looking in the rearview mirror.
Maybe Apple wants the stock to go down so they can buy more stock back cheaply! Go private Apple!!
The hedge funds dumping stocks today ( Appaloossa and Tiger funds) then they would buy back inexpensive prices. It is all manipulative games there is.
Many funds were late getting into AAPL last year. As AAPL started going straight up last summer hedge funds and mutual funds jumped on the bandwagon so they wouldn’t be left behind. The average retail investor, everyone else, did the same thing. And the stock climbed higher and higher and higher. No one in their right mind thought AAPL should have gone up so much last summer. But it’s funny how people lose their common sense when they are making money hand over fist. If only for a short time. And only on paper unless you sell and make a profit like you should. Then when reality sets in and mutual funds have to rebalance, people sell to make a profit, the tax cliff is coming and AAPL goes back down……..whoa it’s manipulation! Rose-colored glasses.
Weak stomachs shouldn’t invest in public stocks.
13 F filings show that large funds have reduced or eliminated AAPL from their portfolios. It’s their money. They have voted with their wallets. 13 F’s are facts not comments. Had these funds increased their investment in AAPL the stock price would have risen today. Facts. Just the facts ma’am.
This all true, except that it is not their money. It is their customers’ money. Also, they do not always correctly invest that money.
Well of course it’s not their money. It’s their customers money. Why would you make such a comment? Their customers expect the funds to invest their money and make it grow. So of course it’s not their money. They are tasked with managing and investing that money. Again, why would you make such a comment? You simply state what everyone understands as though it’s a mystery. You make no sense. And you’re correct, they don’t always invested correctly. Why would you make that statement? Do you know anyone who invests correctly every time? Do you know any mutual fund that invests correctly every time? Do you know any hedge fund that invests correctly every time? Again, you have simply stated fact as though it’s a mystery and only you understand it. If you don’t understand investing, you shouldn’t.
Lots of opinions, with investments carried our accordingly. Greenlight just increased its position in Apple by 83.5%.
I saw that several days ago. Einhorn was happy with the stock buyback program and increase in the dividend. I’m sure someone here will spin this negatively. “It’s manipulation!” Sometimes it’s just plain funny here.
And if you had put $4000 in Fidelity in 2003 you’d have $8900 today, versus using your own intelligence and intuition, and putting your $4000 is AAPL in 2003, for a balance of $170,000. Hedge funds rely on uninformed people to give them money to invest and to help them make a profit.
Always make your own investing decisions. But unless you are one in 10,000, you’d better have plenty of research done on your own. You don’t just jump into Apple because you like Apple..That makes no sense at all. Learn to take the emotion out of investing. Never, never, ever fall in love with a stock/company. I love Apple and have used Macs and everything Apple makes for decades to make a living. But it does not cloud my investing. And yes, I have invested in AAPL forever. But I’m not a fan boy and I’m not greedy. Two things that keep me from being underwater in AAPL now. I got out at $700. I know how to keep my investing and love of everything Apple separate. Unfortunately many that visit this site do not know how to do that. They strike out in anger when Apple is written about negatively. Even when it’s absolutely accurate. The excuses start coming out. The blame game. You just know that those people will be bad investors. They get pissed off because they don’t know how to act rationally. Just look at a large number of the comments. They’re easy to find. The first thing they do is call others, who try to comment objectively, trolls. They’re easy to spot. Sad.
Takes one to know one TROLL.
Replace Cook with Ives! Period!
Why would you want to bog down Ives with that job? I’d rather have Ives focused on producing great products, unhindered by the demands of the CEO position.
Charles Ives was a great composer and brilliant in the insurance field, but I don’t think he’s ready to be CEO of a major tech company, especially since he’s been dead even longer than Steve Jobs.
It’s called “Take the Dividend and Run!” Hello guys! This. Is Dividend Day!”
Maybe people should just focus on that Apple is a good company.