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Monday, April 23, 2012 6:16:32 PM
Apple CCI Becomes Oversold for Third Time in Twelve Months By Arthur Hill
* Monday, April 23, 2012
When it comes to the Commodity Channel Index (CCI), there is oversold and then there is OVERSOLD. Readings below -100 are average oversold, while anything below -200 is really oversold. For just the third time in twelve months, 20-day CCI for Apple moved below -200. Prior readings occurred in June 2011 and November 2011. Apple reports earnings on Tuesday.
http://blogs.stockcharts.com/
George.
Click on "In reply to", for Authors past commentaries.
* Monday, April 23, 2012
When it comes to the Commodity Channel Index (CCI), there is oversold and then there is OVERSOLD. Readings below -100 are average oversold, while anything below -200 is really oversold. For just the third time in twelve months, 20-day CCI for Apple moved below -200. Prior readings occurred in June 2011 and November 2011. Apple reports earnings on Tuesday.
http://blogs.stockcharts.com/
George.
Click on "In reply to", for Authors past commentaries.
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