Apple (AAPL) Breaks Below 200 Day Simple Moving Average for First Time Since April 2009

June 16, 2011 Mark Hanna

One of my buds on twitter just mentioned Apple (AAPL) broke below the 200 day moving average for the first time in a few years.  Technically it is half right – the 200 day simple moving average is $325.50, while the 200 day exponential is $320.50ish.  So still above the latter (which I use) but now firmly below the former (which many others use) by a good $3.50.

This is the first time in over 2 years that has happened.  Obviously this is the de facto ‘bell weather” stock.

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About Mark Hanna 543 Articles

Affiliation: Hanna Capital, LLC

Mark Hanna is President and Owner of Hanna Capital, LLC, a registered investment advisory firm. Mark has been a follower of markets since the late 80s, with a focus on individual equities since the mid 90s. He has been a well known commentator in the financial blogosphere for the past 5 years, following a career in corpoporate finance and accounting. Mark attended the University of Michigan where he graduated with a degree in Economics.

As an avid reader, Market Montage is the personal blogging site for Mark to share his views on economics, markets, and the like. Occasional cynicism and wit shall be deployed in his postings.

Follow Mark on Twitter @fundmyfund.

Visit: Market Montage

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