Reports of Apple’s death cross are premature
I don't know a death cross from an iron cross, but I can draw the moving average chart for Apple.
From Brian Stelter’s Reliable Sources daily update, posted late Tuesday:
Watching the FAANG stocks: “For the first time, all five FAANG stocks are in bear markets,” MarketWatch’s Tomi Kilgore writes. Apple was the last to arrive there on Tuesday. Google entered a bear market on Monday. Now there’s lots of “death cross” talk and worries about the rest of the year…
My take: I don’t know a death cross from an iron cross, but I can draw the moving average chart for Apple. Looks to me like the stock has a ways to go before it catches up with Facebook, Netflix and Google.
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Steven M. Peters
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