The selloff in Apple's stock Friday was enough to confirm the break of a trendline that has defined the stock's rally since the start of the year.
The selloff in Apple Inc.’s stock Friday was enough for chart watchers to refer to it as a breakdown, as it confirmed the break of a trendline that has defined the stock’s rally since the start of the year.
One of the most recognized and agreed-with trading axioms on Wall Street is, “The trend is your friend.” An addendum to that axiom is only slightly less well known: The trend is your friend, “until it’s not.” The technology behemoth’s stock slipped below that line earlier this week, ahead of Apple’s fiscal third-quarter earnings report out late Thursday. But it wasn’t quite enough to confirm the break of such a defined trend.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Musk to speak to Apple boss about adjusting the Apple tax | Digital TrendsSeeking a better deal for creators on Twitter, ElonMusk will ask Apple to adjust the 30% cut that Apple takes from in-app purchases made via its AppStore.
Read more »
PAD Procedure Overuse: Field in Peril or 'A Few Bad Apples'?Two investigative stories highlighted peripheral artery disease treatment that left many patients with an amputation, the outcome they were told they could avoid.
Read more »
Apple misses estimates on fiscal third quarter iPhone revenue as the stock takes a diveApple reported that iPhone sales declined 2.4% during the fiscal third quarter and was slightly below Wall Street forecasts.
Read more »
Stock market news: US stocks fall ahead of Apple, Amazon earningsUS stocks fall as bond yields jump and investors await Apple, Amazon earnings
Read more »
Amazon's stock is now a better play than Apple's, according to this analystAmazon’s stock is now a better play than Apple’s, according to this analyst
Read more »
Writers Strike Takes Surprising Turn, Studios Willing To Negotiate Starting FridayThe Writers Guild of America strike has been going on for close to 100 days, but negotiations are set to restart this week. The meeting this Friday between the WGA and the AMPTP marks a significant step forward, but a deal may not be made immediately. 🔗
Read more »