Technology
Investor's Business Daily: Apple was the top Dow Jones stock in Q3
Published:
Last Updated:
From an IBD research note posted Monday:
Apple stock likely has the most compelling chart action of the top Dow stocks. The tech giant is presenting a buying opportunity as it rebounds off the 10-week line for the first time since its August breakout. The first two pullbacks to the 10-week line after a breakout are considered chances to add shares to a position.
[in-text-ad]
Apple stock popped 22% in Q3, more than any other Dow stock. The bulk of that came in August, when shares ran up nearly 20% following strong Apple earnings on July 31.
After another week of trading action, we could see a new chart pattern with a 229.77 buy point. But Apple stock has not yet met the minimum-length requirement for the formation of a proper base.
Apple stock rose 0.9% before the open in Monday’s stock market trading.
My take: Chart reading for dummies.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
