Friday, August 28, 2015

AAPL Apple Daily Chart Death Cross

Apple prints a death cross chart pattern with the 50-day MA stabbing down through the 200-day MA. Moving averages are simply a smoothing mechanism for eliminating the daily up and down gyrations in price. The 50-day MA is the average price over the last 50 days and 200 over the last 200 days. Usually, stock prices recover when the death cross occurs since there has already been multi-week weakness as is the case above with a four-day rally off the bottom. However, the death cross does forecast weaker prices in the weeks and months ahead which will occur as long as the death cross remains in place. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.