Shares of Apple Inc (NASDAQ: AAPL)
Hit Speed Bump Says Market Timer Frank Kollar
July 20, 2010 (FinancialWire) (By Frank Kollar)
Shares of Apple Inc (NASDAQ: AAPL) have lost ground since
reaching an all-time high of $279.01 on June 21.
Now the company is facing criticism for their handling
of issues regarding the widely reported reception troubles
of the iPhone 4.
Add to this are concerns over Apple’s quarterly
earning results to be announced on Tuesday.
Although share prices have lost ground, they are holding
above May lows and selling on Monday, July 19, stopped
intra-day at $240 a share and closed at $245.58.
A close below $240 a share would likely result in lower
lows for this widely followed stock.
A close above $262.90 a share, The July intra-day highs,
would likely result in a run to the old highs.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com)
which offers market timing strategies for S&P and
Nasdaq index fund traders, as well as bond, gold, small
cap, sector, ETF and stock trading strategies.
Kollar’s research has shown
that the financial markets are in tradable trends approximately
80 percent of the time. FibTimer strategies define trends
and trade them in both advancing and declining markets.
Caring nothing about what newscasters say or what the
latest economic indicator predicts, trends are where
the profits are, and that is where FibTimer is.
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