50-Day Moving-Average SNAAPL

Tyler Durden's picture

AAPL is down 1.5% and once again testing its 50DMA. Now trading the range of Tuesday's closing ramp-fest and below its closing VWAP... BTFD?

 

The red-line is the day's VWAP. The colored horizontal lines correspond to recent closing VWAPs. The lower pane is volume.

 

Interestingly we haven't seen a 50DMA retest so quickly after a previous test in around 18 months. Volume is also well above average run-rate for this time of day.

 

As a reminder of your patriotic duty...