This week’s Apple trading strategies (7/15-7/19)

With the Dow sitting at an all-time high and Apple still far from $233, what bumps will AAPL hit this week?

To get things rolling, here’s Rosenblatt analyst Jun Zhung on CNBC, justifying the Sell rating he slapped on Apple last week and ducking a question from “Steve Jobs” biographer Walter Isaacson:

Rosenblatt analyst explains his Apple downgrade from neutral to sell from CNBC.

Disclaimer: Having never owned or traded Apple, I have nothing to add. Don’t blame me if you drain your IRA doing something you read about here.

See also: This week’s Apple trading strategies (7/8-7/12)

7 Comments

  1. Paul Brindze said:

    Wow. A double barrel CNBC hit peace.

    CNBC played up both of these guys early last week and their APPL “sky is falling” coverage took us from 205 down below 199. Clearly Mr. Market wasn’t willing to play, with a nice bounce back for rest of the week.

    I have no idea where we go this week, though a strong run Monday would be nice, and a strong close over 205-206 would set up technicals for run up. The bears (apparently with strong CNBC help) will clearly be pushing hard to keep us below 205.

    My crystal ball is cloudy though, and my DeLorean is back in the shop. So not sure who will win. Monday may be exciting, though.

    1
    July 14, 2019
  2. Aaron Belich said:

    Additionally, he’s been sell since the first time I’ve seen any Apple-centric sites cover him. He’s been sitting 140-160 for a few years now if I’m not mistaken.

    0
    July 14, 2019

Leave a Reply