Apple shares appear to be losing their lustre

Apple shares appear to be losing their lustre - Business Times (subscription) #AppleNews

[NEW YORK] To those who study technical stock charts, Apple Inc looks broken. Even though it is widely viewed to be undervalued after hitting an 11-month low this week and nine out of 10 brokerages recommend that investors buy or hold the stock, Apple shareholders could still be in for more rough times if technical strategists are right. They note that trading charts show few price points where investors can expect clusters of buying to support Apple's shares. For example, the stock's medium-term momentum, based on its 50-day rate of acceleration, has been on a downward slope since March, but has not hit over- sold levels. Ryan Detrick, senior technical strategist at Schaeffer's Investment Research, said it is hard to find an entry point at current levels, calling the stock "broken". "There's been a lot of technical damage, but at the same time it still looks like it's in ...

Full article: http://www.businesstimes.com.sg/premium/world/apple-share...

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@ThSuarez » 20 Jan '13, 11pm
Apple shares appear to be losing their lustre - Business Times (subscription) [link] #AppleNews
@SingteliPhone5 » 20 Jan '13, 11pm
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@sg_iPhone5 » 20 Jan '13, 11pm
Apple shares appear to be losing their lustre - Business Times (subscription) [link] #AppleNews
@AppleStore_ID » 20 Jan '13, 11pm
Apple shares appear to be losing their lustre - Business Times (subscription) [link] #AppleNews
@Computer_ID » 20 Jan '13, 11pm
Apple shares appear to be losing their lustre - Business Times (subscription) [link] #AppleNews
@id_iPhone5 » 20 Jan '13, 11pm
Apple shares appear to be losing their lustre - Business Times (subscription) [link] #AppleNews
@iPad3Singapore » 20 Jan '13, 11pm
Apple shares appear to be losing their lustre - Business Times (subscription) [link] #AppleNews