Apple Chart Shows a 'Golden Cross' Of Positive Momentum

A golden cross occurs when a stock's (or anything else's) 50-day moving average trades above its 200-day moving average while both are increasing. AAPL has just experienced a golden cross as the chart below highlights.

Since technicians consider this a positive event, we looked back at all previous golden crosses for AAPL and found that, on average, it has resulted in further gains for the stock:

Comments

[OliverMueller]

Apple has had a great couple of years. I'd suggest that everyone who owns AAPL take a look at their portfolio's to check to see what percentage AAPL is and how well their assets are diversified. If you find yourself 20% or 30% or more in AAPL, you have a concentrated position and are at risk should it under-perform. I recommend taking a look and rebalancing should that be the case. Just a thought from the financial planning side.

Oliver Mueller, CMFC. blog at southbaywealthadvisor..../
www.enrightpremier.com
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