SSS - Apple (AAPL) approaches its 505.75 November Low

Published : December 14 2012 at 15:04 ET

As AAPL tests the 505.75 low of November 16, the question arises as to whether the stock will try and rally after undercutting this price level. With the sheer weight of trapped longs in the stock now we might suggest that it will cruise through the 500 level first. Be alert here as to any short-term cover points on such an undercut for those playing the stock on a short-term basis.

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