Apple banal acceptable has the best acute blueprint activity of the top Dow stocks. The tech behemothic is presenting a affairs befalling as it rebounds off the 10-week band for the aboriginal time back its August breakout. The aboriginal two pullbacks to the 10-week band afterwards a blemish are advised affairs to add shares to a position.
Apple banal popped 22% in Q3, added than any added Dow stock. The aggregate of that came in August, back shares ran up about 20% afterward able Apple balance on July 31.
After addition anniversary of trading action, we could see a new blueprint arrangement with a 229.77 buy point. But Apple banal has not yet met the minimum-length claim for the accumulation of a able base.
Apple banal rose 0.9% afore the accessible in Monday’s banal bazaar trading.
My take: Blueprint account for dummies.
By Philip Elmer-DeWitt
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