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Benzinga
Benzinga
Business
Melanie Schaffer

Why Apple Shares Are Rebounding

Apple, Inc (NASDAQ:AAPL) opened lower on Friday and quickly lost short-term support at Thursday’s low-of-day and fell to a support level near the $154 level.

The stock found buyers at that level and began to bounce up, trading about 1.5% higher at midday. If Apple closes the trading session flat or above the $156 level, the stock will print a higher low, which will confirm an uptrend is in the works

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