Apple (AAPL) is jacking this morning on a little gap and run move following one prominent technical analyst calling bottom for the stock. This is bringing the stock right up into the neckline of the head and shoulders formation at around 500 or so, and this simply remains an upside maximum stop-out level on any AAPL short position. Out side of that, all one is doing is watching to see whether the stock can clear resistance at around the neckline, or, alternatively, one can choose a stop-out level of their own depending on their entry price for any short position in the stock.
SSS - Apple Jacks for Breakfast!
| Published: | 16 Jan 2013 15:10 ET |
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