AAPL Bull Flag

27 Eyl 2013

AAPL is holding its 21-day moving average after the gap up from iPhone sales number pre-release (9MM in first three days). Needs to hold 21-day ($481.23). A close below that level would be bearish. Otherwise, the consolidation after the gap up is giving the 8- and 50-day MAs time to catch up. We'll see what happens. Needs to get back above $486-489 to make things more interesting.