Exiting positionI got a Sell Signal on APPLE INC, symbol (AAPL) at 138.99 on 1/25/2008.
I had entered this postion at 130.01.
Price and moving averages:APPLE INC, symbol (AAPL), has closed below its Short time moving average.
Short time moving average is currently below mid-time, AND below long time moving averages.
The relationship between price and moving averages is: bearish in short-term, and bearish in mid-long term.
Bollinger Bands:APPLE INC, symbol (AAPL), has closed below the lower band by 202.4%%. This combined with the steep downtrend can suggest that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
Bollinger Bands are 13.8%% wider than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
This commentary is not a recommendation to buy or sell. This is a commentary about a trade I made.
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Last update : 13-02-2008 21:04
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