SSS - Follow-Up on AAPL Short-Sale Set-Up

Published : July 27 2012 at 12:05 ET

AAPL is picking up a little bit of a volume increase on the upside today after holding tight following Wednesday's gap-down move. If the general market is able to continue with a light-volume melt-up we would expect AAPL to move up with it as there has been very little to no follow-through selling following the gap-up, and we might even consider going long the stock with the idea that it could clear the 50-day moving average at 581.64.

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