Apple, Inc. (AAPL) rallied higher today and ran right into its 200-dma, a secondary short point in our view. Despite the fact that the Market Direction Model is on a buy signal, members should be alert to a potential failure and ready to strike on the short-side. AAPL is in fact shortable here using today's high as a stop, the short-term market trend notwithstanding.
SSS - AAPL finds logical resistance at 200-dma
|Published:||22 Jun 2011 16:09 ET|
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