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Benzinga
Benzinga
Business
Mark Putrino

BZ Chart Of The Day: Is Apple Breaking Key Support?

AAPL Apple Nasdaq

It looks like the downtrend in Apple Inc. (NASDAQ:AAPL) may continue. Shares may be breaking support around the important $139 level. If this happens it could set the stage for a move lower.

Support is a large concentration or group of investors who are all looking to buy new shares at, or close to, the same price. In this case, it’s $139.

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