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January 29, 2013 at 14:55 PM EST
Chart of the Day: Apple Vs. Research In Motion
Has Apple (NASDAQ:AAPL) finally bottomed with the stock at $435 yesterday? I presented a couple charts on Friday arguing for an imminent change in the stock’s downtrend. One more chart that argues that the stock has become extended on the downside is the distance of AAPL from its 200-day moving average:   3-year chart of AAPL with 200-day moving average Courtesy of Bloomberg Click to enlarge   With AAPL more than 20% below its 200-day moving average it’s in a rare extended position. The only time during the uptrend over the past couple years that the stock got more ...
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