“Apple shares sold off 1.5 percent on Monday along with the broader market,” Amanda Diaz reports for CNBC.
“The stock is now down 4 percent in the past 30 trading sessions, but according to one trader, the selloff is creating ‘a great opportunity to get into Apple on the long side,'” Diaz reports. “Looking at a daily chart of Apple, [technical analyst Andrew Keene] noted that the stock has declined to its 100-day moving average for the first time since January. ‘As we see each time the stock has hit its 100-day moving average in the past, we’ve found buyers,’ Keene said Monday on CNBC’s ‘Trading Nation.'”
Diaz reports, “And by Keene’s chart work, despite the most recent decline, Apple’s chart is still healthy.”
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MacDailyNews Take: Greece.