SSS - AAPL potential LSFB Set-Up on a 50-dma Failure

Published : November 1 2011 at 12:05 ET

AAPL is teetering at its 50-dma. A high-volume breach of the line is a shortable event, using the $400 level as a quick stop. We've been nursing a short position in AAPL this a.m., which is often difficult to do in the face of a big gap-down since a good chunk of downside is already built into the trade and one risks a snap-back against them in such a situation, but a clean, high-volume breach of the 50-dma would be potential confirmation of such a short-sale trade.

This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.