Overall Trading Review: Apple (NASDAQ:AAPL)
Profile: Apple Inc. designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players and sell a variety of related software, services, peripherals, and networking solutions.
A total of 11 block trades were executed Tuesday, at least 10,000 shares or more represent a block unit.
Block trades help investors understand the sentiment of large financial institutions.
Deeper analysis shows that 306,000 shares were bought and 342,928 shares were sold.
The Bought/Sold Ratio for shares of Apple is 0.89, representing a negative net cash flow of $21,425,963 out of the stock on Tuesday.
On the derivative side, a total of 198,396 Put and 1,021,295 Call contracts exchanged hands Tuesday leading to a 0.19 Put/Call Ratio (PCR)
Apple will likely have to cut iPhone prices in order to grow in emerging markets, which will weigh on gross margins. Plus, Apple may have lost much of its vision and creativity with the passing of co-founder Steve Jobs in October 2011.
Apple opened at 590.16, and price finished -1.77 (0.30%) at 582.85 during the session Tuesday.
AAPL is trading between the range of $580.09 – $590.74. To date, the stock has lost -4.09% within the last week.
Volume: 13-M shares is less than the 3 month average volume of 17-M shares.
AAPL is trading below its 20, 50 and 200 Day MA’s.
Week Month Quarter Half Year Year
-4.09% -12.93% -4.64% +3.87% +47.74%
|Recent CandleStick Analysis Very Bearish|
|Date||Candle||6 Nov 2012||Bearish Engulfing ||31 Oct 2012||DOJI |
|down||18 Oct 2012||644 to 642.06|
|down|| 8 Oct 2012||651.28 to 647.56|
|down||26 Sept 2012||673 to 672.69|
|down||24 Sept 2012||699.36 to 695.12|
|RSI|| ||Be|| |
|TDD|| ||Be|| |
|Stoch.||VBe|| || |
VBu=Very Bullish, Bu=Bullish N=Neutral Be=Bearish, VBe=Very Bearish
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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