Apple Inc.: The 200-Day Moving Average Ceiling

by DAN Apple Inc. ($AAPL) averages are at $436.39 (21 day SMA), $431.47 (50 day SMA), $471.72 (200 day SMA). Over the past 52 weeks AAPL has traded from a low of $385.10 to a high of $705.07. AAPL was last at $465.74 on a volume of 7,092,770. Average daily volume has been at 11,478,816.

Take a look at the daily chart of Apple (AAPL), you’ll see a perfect “W” pattern, with twin lows at around $390. That’s a reversal. AAPL is now testing formidable resistance at the 200-day moving average — currently at $475.00.

52 Week Range $385.10-$705.07 Market Cap 422,314,830,450 Average Volume 11,478,816 Dividend Yield 2.60% Institutional Ownership 65.40% Insider Ownership: 0.70% Percentage of Float Short 2.80% Beta 1.00

Apple Inc designs, manufactures, and markets personal computers, mobile communication devices, media devices and portable digital music and video players and sells a variety of related software, services, peripherals, and networking solutions.

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