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Stock impact report

Apple has fallen 11% from its recent high. Here are the next levels to watch [CNBC]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: CNBC
show chapters Apple shares are well into a correction, off more than 11 percent from their recent high, but a close technical analysis suggests that the iPhone maker hasn't hit bottom just yet. We saw the stock fall more than 1 percent on Tuesday for a fifth-straight session, losing over 8 percent in that time alone. While there appears to be no significant technical damage done at this point, that kind of move is still quite notable for such a widely held stock. Apple is essentially testing three support levels, as it tests its March closing lows (just above $165), its 200-day moving average ($165.73), and its trend line going back to mid-2016. Therefore, any further meaningful decline would be somewhat negative on a technical basis. On Tuesday, the stock fell beneath its 200-day moving average, closing just off its session lows. However, the more critical support level to watch is its February closing lows, at $155.15. A meaningful break below Show less Read more
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