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Gap Fill Rots Apple Intra Day

• inthemoneystocks

  29 Mar 11, 01:10

  Apple Inc. (NASDAQ:AAPL) has been a powerhouse over the last week. The stock hit a beautiful double bottom support level at $326.50 on March 16th, 2011. Since that low, Apple shot higher, ripping up into a master gap fill shown below in the chart. Since this hit, Apple has lost all of its momentum.  While still positive, it is off the highs and may be reaching a short term top. Watch this level very closly as it should present a great trading opportunity. Apple is trading at $352.72, +1.18 (+0.34%).
  
  Gareth Soloway
  Chief Market Strategist
  InTheMoneyStocks.com