Apple Inc. (NASDAQ: AAPL) is down 1.37% at $205.22 on over 4.4 million shares as of 10:05 AM EST. Frankly, Apple holders might feel lucky that the drop is only by that little. Deutsche Bank has removed Steve Jobs and friends from its short-term buy list ahead of next week’s earnings and ahead of the iSlate launch (the tablet). Any analyst cutting ratings can have an impact, particularly when you consider the trading range seen over the last 52-week period of $82.33 to $215.59 and over 18 million shares of stock on an average day. Be advised, the charts matter here… very much. The 50-day moving average is $203.42. The stock has been under the 20-day moving average (now $210.05) as of yesterday. By the way, if you eat, drink, breathe, and sleep Apple news, we have the sub-site we use for our Apple research via http://www.applefinancialnews.com/
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JON C. OGG
JANUARY 22, 2010
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