Apple Inc (AAPL)

[Cat dog]

9/18/2020 4:44pm EDT
By Bret Kenwell, InvestorPlace Contributor
It was a quadruple witching day, one of four in the year that can create tough trading environments amid choppy price action. With that in mind, let’s look at a few top stock trades for next week.

Top Stock Trades for Monday No. 1: Apple (AAPL)

click to enlarge
Click to Enlarge

Source: Chart courtesy of StockCharts.com
Big tech hasn’t been doing great. And with its dominant market cap, Apple (NASDAQ:AAPL) is often atop the list of stocks to watch.

Shares violently corrected lower at the start of September. And while that action was initially met by buyers, it has ultimately resulted in a series of lower highs. Now, the stock is failing to hold the two-times range extension and more importantly, the 50-day moving average.

With Friday’s dip, Apple filled the first of two major gaps from late July.