Trading Technicals You Must Know Before Apple Earnings
Apple (NASDAQ:AAPL) earnings are minutes away. In addition to Apple’s fundamentals, a significant amount of trading will take place at popular technical lines in the sand.
Here’s your Cheat Sheet pre-earnings…
T = Technicals on Apple’s Stock Chart
Apple’s stock price was recently 0.59 percent below its 20-day simple moving average, or SMA; 4.21 percent below its 50-day SMA; and 13.00 percent below its 200-day SMA.
Since the beginning of 2013 the stock price has been in a fairly pronounced upward trend, falling 5.15 percent this year-to-date and rising 19.06 percent year-over-year.
As a benchmark, the S&P 500 has risen 4.87 percent year-to-date, and has risen 13.65 percent year-over-year.