Apple Computer-AAPL: Technical Alert-Cross of 10-day MA
Stock has crossed above its 10-day moving average line ($66.23) as of yesterday and has held the level so far this morning. This line has provided substantial upside resistance since the stock began its decline in January of this year. There have been several instances where the line has been crossed since that time which have failed and lead to more selling. This line is a key test to see if the stock can retain positive momentum. It is likely a key protective/short stop so action may pick up in either direction if price migrates toward that level.
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