SmarTrend Apple (AAPL)shares prices outlook august 19 2011 ; SmarTrend has detected shares of Apple (AAPL) have bearishly opened below the pivot of $366.69 today and have reached the first level of support of $360.73.
Should the shares continue to fall, we are monitoring the next support pivots of $355.41 and $344.13. Also, the shares are currently trading below the 50-day moving average of $359.33 and should find support at the 200-day moving averagea of $342.12.
In the last five trading sessions, the 50-day MA has climbed 0.92% while the 200-day MA has risen 0.43%. In the past 52 weeks, shares of Apple have traded between a low of $235.56 and a high of $404.50 and are now at $358.39, which is 52% above that low price.
SmarTrend currently has shares of Apple in an Downtrend and issued the Downtrend alert on August 05, 2011 at $373.04. The stock has fallen 1.9% since the Downtrend alert was issued
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