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Can $AAPL really sell off over 4% into Earnings next week?

$AAPL - The company’s stock is currently trading around $143.68 in a 52 week range of $89.47-$145.46. The stock has been shown on fire over the past year with shares up 52.41% over the past 12 months. I think that the upside has topped out and AAPL will sell off on Earnings. To confirm this signal we will analyze the stocks historical movement record on earnings, the current expectations for movement being priced into the options market, the technical setup, and institutional order flow into the event.

First we will examine the stocks historical earnings performance record. We can see that over the past 8 quarters the stock has sold off 5 times on earnings day with an average move of 4.7%. This does not tell us that the stock is guaranteed to sell off this quarter but it does show us that there is a slight bearish bias in the performance of AAPL on earnings day. This means that as we work through the rest of our analysis will have a bearish bias.

Get the Full Analysis, Charts & Setup for $AAPL HERE >>>>