Apple Inc. (AAPL): Very, Very Close To Being A Major BUY

buy-and-holdHaving fallen 35% in 4 months and shed over $200 billion in market value, there is little doubt that shares of Apple Inc. (NASDAQ:AAPL) are currently oversold. Not only is the stock trading meaningfully below its long-term 200-day moving average for the first time in four years, it also has more sell and hold ratings from analysts than it has since the trough in 2009.

It has fallen a long way in a little time and its impenetrable luster has lost some of its shine. It’s also why Tom Kee, president & CEO of Stock Traders Daily, is starting to get interested in a stock he says he’s hated forever. Get A Free Trend Analysis For Apple Inc. Shares Here!

“It’s very, very close to being a buy,” Kee says in the attached video. Although the former Morgan Stanley broker turned online trader says changing market technicals won’t allow him to be more specific, he does says that “if it goes up a little more, it’s going to trigger a buy.”

Related ETF: Powershares QQQ ETF (NASDAQ:QQQ)

You can see the full “Breakout” interview below:

PowerShares QQQ Fund Holdings

  Ticker Company Name % of Fund  
AAPL APPLE INC  13.43%
MSFT MICROSOFT CORP  7.40%
GOOG GOOGLE INC CL A  6.47%
ORCL ORACLE CORPORATION  5.49%
QCOM QUALCOMM INC  3.58%
CSCO CISCO SYSTEMS INC  3.48%
INTC INTEL CORP  3.34%
EBAY EBAY INC  2.33%
TXN TEXAS INSTRUMENTS INC  1.19%
FB FACEBOOK INC-A  1.03%
BIDU BAIDU INC ADR  0.94%
ADP AUTOMATIC DATA PROCESSING  0.93%
CTSH COGNIZANT TECH SOLUTIONS CRP  0.75%
DELL DELL INC  0.74%
YHOO YAHOO INC  0.74%
ADBE ADOBE SYSTEMS INC  0.60%
INTU INTUIT INC  0.59%
BRCM BROADCOM CORP CL A  0.53%
AMAT APPLIED MATERIALS INC  0.51%
SYMC SYMANTEC CORP  0.48%
CTXS CITRIX SYSTEMS INC  0.43%
ADI ANALOG DEVICES INC  0.42%
NTAP NETAPP INC  0.41%
ATVI ACTIVISION BLIZZARD INC  0.41%
STX SEAGATE TECHNOLOGY  0.40%
SNDK SANDISK CORP  0.38%
PAYX PAYCHEX INC  0.38%
CA CA INC  0.36%
WDC WESTERN DIGITAL CORP  0.36%
ALTR ALTERA CORPORATION  0.35%
FISV FISERV INC  0.34%
EQIX EQUINIX INC  0.33%
CHKP CHECK POINT SOFTWARE TECH LTD  0.33%
XLNX XILINX INC  0.31%
KLAC KLA-TENCOR CORPORATION  0.29%
MXIM MAXIM INTEGRATED PRODUCTS  0.29%
AVGO AVAGO TECHNOLOGIES LTD  0.28%
ADSK AUTODESK INC  0.28%
LLTC LINEAR TECHNOLOGY CORP  0.27%
FFIV F5 NETWORKS INC  0.26%
MU MICRON TECHNOLOGY INC  0.25%
NVDA NVIDIA CORP  0.24%
NUAN NUANCE COMMUNICATIONS INC  0.24%
AKAM AKAMAI TECHNOLOGIES  0.23%
MCHP MICROCHIP TECHNOLOGY INC  0.21%
BMC BMC SOFTWARE INC  0.21%

 

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