Apple Inc. (AAPL): Is The Stock Finally A Buy?

March 20, 2013 2:14pm NYSE:XLK

buyers and sellersBillionairesPortfolio.com: As I showed you yesterday, Apple Inc. (NASDAQ:AAPL) had broken out of a downward trend channel, on a gap up day, a very bullish reversal signal, but today unfortunately Apple looks poised to go lower. One of the key things that is missing right now in Apple


is Institutional Buying, there is little or no bullish volume going into Apple whatsoever. Just take a look at the chart below and you can see that volume in Apple has completely dried up, a very bearish sign, we need to see Apple move up on strong volume, to confirm that a Bullish reversal is in place.

What this means for now? Apple is in a wait and see mode, if Apple breaks above $460 on big volume then I think the reversal is in place and Apple is a Buy, if Apple slips back below $430, you definitely want to sell it. Remember Apple is being driven by news items and rumors right now, whether its an increased dividend or an Apple Watch. So its a very hard stock to trade right now, and the smart money is waiting on the sidelines, and so should you.

Click on the chart to enlarge:

Apple-Chart-2

Learn more about me and how we follow Billionaire Investors into stocks by visiting the Billionaires Portfolio.

-William Meade
Editor of The Billionaires Portfolio

Related ETF: Technology Select Sector SPDR (NYSEARCA:XLK)

Top 10 Holdings (63.11% of Total Assets)
Company Symbol % Assets
Apple Inc. AAPL 14.31
International Business Machines IBM 7.35
Google Inc. GOOG 7.35
Microsoft Corporation MSFT 7.26
AT&T Inc. T 7.03
Verizon Communications Inc. Com VZ 4.60
Oracle Corporation ORCL 4.46
QUALCOMM Incorporated QCOM 3.88
Cisco Systems, Inc. CSCO 3.82
Intel Corporation INTC 3.05


Read Next


Recommended for You

Partner Center


Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary POWR Ratings system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories