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[MiamiGent]

Apple and the RSI
CNBC Pro

Apple fell again today, losing roughly 0.8%.

It is now about 8% from the high hit Dec. 14.

The relative strength index reading on the stock is now down to 35. The RSI is one metric traders and investors might look at to tell if a stock has run up very quickly. A reading of 70 and above indicates a stock may be overbought, and anything below 30 is seen as oversold.

Apple hasn’t seen an RSI this low since late October. Back then, the stock price began a roughly 18% jump over the next seven weeks