Is getting ready to bounce back.
Apple stock is in the process of pulling back to its key 50-day support level. Apple shares fell nearly 2% midday Thursday and are about 15% off their 52-week high. A strong rebound from the 50-day line would place the Dow Jones leader in a new buy zone.
On Aug. 31, Apple's 4-for-1 stock split went into effect. Just two days later on Sept. 2, the stock advanced as much as 91% past a 72.16 buy point in a cup with handle after a breakout on April 29. investors.com/research/dow-jones-stocks/?src=A00220&yptr=yahoo
On Aug. 31, Apple's 4-for-1 stock split went into effect. Just two days later on Sept. 2, the stock advanced as much as 91% past a 72.16 buy point in a cup with handle after a breakout on April 29. investors.com/research/dow-jones-stocks/?src=A00220&yptr=yahoo
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