Market Pulse Archives

May 13, 2021, 10:19 a.m. EDT

Apple stock bounces back above the 200-day moving average, like it did 13 months ago

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Apple Inc. (AAPL)
  • X
    NASDAQ 100 Index (NASDAQ Calculation) (NDX)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Apple Inc. /zigman2/quotes/202934861/composite AAPL +3.16% rallied 2.4% in morning trading Thursday, to bounce back above the 200-day moving average (DMA), one day after closing below the widely watched technical level for the first time in 13 months. The stock was trading recently at $125.72, after closing Wednesday $122.77, while the 200-DMA rose to $123.12 from $122.96. J.P. Morgan analyst Samik Chatterjee reiterated the overweight rating he's had on the stock for at least nearly four years, citing data showing April iPhone sales in China were better than usual seasonal trends, pointing to continued market share gains. The last time Apple's stock spent time below the 200-DMA was during the post-pandemic lows of late-March to early-April last year. At that time, the stock's first close below the 200-DMA was March 16; the stock bounced 4.4% the next day to close back above it, then closed back below it for the next six sessions, and for the next 10 of 13 sessions. The stock has lost 7.1% over the past three months, while the Nasdaq 100 /zigman2/quotes/210598364/realtime NDX -1.61% has declined 4.3% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.86% has gained 8.2%.

/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 165.30
+5.06 +3.16%
Volume: 181.04M
Nov. 30, 2021 4:00p
P/E Ratio
29.43
Dividend Yield
0.53%
Market Cap
$2628.96 billion
Rev. per Employee
$2.38M
loading...
/zigman2/quotes/210598364/realtime
US : U.S.: Nasdaq
16,135.92
-263.32 -1.61%
Volume: 1.09M
Nov. 30, 2021 4:10p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,483.72
-652.22 -1.86%
Volume: 649.70M
Nov. 30, 2021 4:10p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.