From: Henry J Costanzo | 7/17/2020 9:32:58 PM | | | | TA Update:
Yet another record high hit on Monday... at 399.92 !!!... maintaining its recent role as a key market leader, while continuing to hold unbroken and and intact longtime uptrend support areas such as the 8 and 21 day MAs.
Now appears all set to complete another bullish pennant pattern which would activate a measured move towards roughly 405ish.
Major uptrend support area for the coming week would kick in at 380-400ish....
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From: Moonray | 7/20/2020 4:50:57 PM | | | | AAPL closed at $393.43, up $8.12 (2.11%). New Monday high today? New 52-week high today? New All Time High today?
 But it WAS the highest close AAPL has ever had!
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To: Moonray who wrote (209198) | 7/23/2020 2:07:46 PM | From: oldbeachlvr | | | Apple -4% on facing consumer protection probe - Axios
Multiple states are investigating Apple (NASDAQ: AAPL) for deceiving customers, according to the Tech Transparency Project via Axios.
A document obtained through a public records request says the Texas AG's Consumer Protection Division launched the investigation "for enforcement purposes."
Key quote: "If violations are uncovered, CPD will initiate enforcement proceedings. Accordingly, the OAG anticipates litigation in this matter."
It isn't clear what specific practices are targeted in the investigations.
Apple is currently facing antitrust investigations from U.S. House lawmakers and the European Union.
Apple shares are down 3.9% to $373.91.
Earlier today, Goldman told investors to avoid Apple shares, noting a price tag of $299.
From Seeking Alpha seekingalpha.com |
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