Looking at Apples NASDAQ:AAPL 17% share price fall off of the September highs
Apple Inc.’s share price erosion has taken the top spot of the financial news recently.
The stock has fallen 17% over the past 3 months. A debate over why this happened rages between analyst who love the stock and those who hate it, but there is no consensus to estimate the price in here
Apple’s new products, which include the iPhone 5 and mini iPad, have sold well, but not as well as many investors would like. No one has strong evidence that this Christmas season will be less than a sales triumph for the company.
One reason why shares have fallen may have to do with the profit-taking theory.
Apple’s share price rose as much as 70% year-to-date to 14 September. Prudence dictates that investors take some of those profits off of the table and lock them in.
Apple remains higher by 30% so far this year, while the S&P shows an improvement of less than 10%.
Investor worriers about Apple’s shares should settle down in here.
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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