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Two Apple Levels

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Apple reports after the close today. I’ve gone ahead and entered a small position (short 100 shares, stop at 210.65). I see two important price barriers. The first is 210.64:

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And the next higher one is 214.48. If it clears both of these, it’s poised for plenty more strength.

Below are the historical earnings reactions; frankly, I don’t think this particular data set is particularly illuminating in this case.

 

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