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PPR - Intra-Day Follow-Up on Apple (AAPL)

Our previous cautionary report regarding AAPL had the effect of stopping it dead in its tracks. But as we indicated, AAPL is actionable as a short if the general market pulls off. So far we've seen the indexes reverse as volume rates start to pick up. Thus if one is lookiing to throw out a short position in AAPL as it sputters around the top of its recent price range over the past 2 weeks, the same stop applies. We would like to see the stock break down through the 10-day moving average at 452 and change as confirmation of its weakness.

Fair disclosure: We are short AAPL here but could be in and out of the stock depending on how the rest of the day develops.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (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. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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