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FFH5
Premium Member
join:2002-03-03
Tavistock NJ

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FFH5

Premium Member

Apple stock on a 2 month slide

Looks like Apple stock is struggling lately at $526.59/share. What is wrong?
»finance.yahoo.com/echart ··· defined;

»www.reuters.com/article/ ··· 20121116

Apple Inc, the largest U.S. stock by market value, was headed toward its eighth straight week of declines on Friday

Since hitting a record high of $705.07 a share in September, Apple has lost about a quarter of its value. The stock's descent has vastly outpaced those of the S&P 500, which is down just under 7 percent in the same time frame.

Apple's stock has been below both its 14-day and 50-day moving average for over a month, suggesting both the short- and mid-term momentum is negative.


SimbaSeven
I Void Warranties
join:2003-03-24
Billings, MT
·StarLink

1 recommendation

SimbaSeven

Member

said by FFH5:

Looks like Apple stock is struggling lately at $526.59/share. What is wrong?

Because people are realizing that Apple is no longer innovating and now copying. Looks like their bubble finally burst.

dnoyeB
Ferrous Phallus
join:2000-10-09
Southfield, MI

dnoyeB

Member

The fact is nothing new. The realization is the problem. Seems like the Apple marketing machine could use some grease.