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Monday
Nov052012

Apple (AAPL) Breaks Below Its 200-Day

On Friday, Apple (AAPL) closed below its 200-day moving average for the first time since November 25th of last year.  As shown below, Apple hasn't been below its 200-day for more than a few days since early 2009!  The stock is trying to bounce back above its 200-day today.  Will we see another quick bounce back above or will the stock finally go into an extended funk for the first time in years?  It seems due, but you never know with Apple.

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