BullBear Trading: Stock and Financial Market Technical Analysis

Apple Approaching Short Level As Earnings Move Continues $AAPL

Apple Inc. (NASDAQ:AAPL) has been on a one way train after reporting better-than-expected earnings almost three weeks ago. Since earnings, the iPhone maker is up almost 15%. While investors are cheering there may be a cloud developing over the stock. Based on the extension move, it is reading heavily overbought in the near term. In addition, there is a major gap fill approaching at $110.00. The combination of these two factors (assuming $110.00 is tagged) should yield a pull back in the stock price to $104.00.

By Pro-Trader

Annabelle Trader

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