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Look for Shares of Apple Inc to Potentially Pullback after Yesterday's 6.55% Rise

Jul 31, 2020 (SmarTrend(R) News Watch via COMTEX) --
Apple Inc (NASDAQ:AAPL) traded in a range yesterday that spanned from a low of $403.36 to a high of $412.22. Yesterday, the shares gained 6.6%, which took the trading range above the 3-day high of $385.19 on volume of 44.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Apple Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Apple Inc in search of a potential trend change.

In the past 52 weeks, Apple Inc share prices have been bracketed by a current low of $0.00 and a high of $412.22 and are now at $0.00. The 200-day and 50-day moving averages have moved 1.29% higher and 2.07% higher over the past week, respectively.

Write to SmarTrend at cs@mysmartrend.com

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