Apple Stock: The Rout Continues (Video)
Apple shares reached an all-time peak on September. Since then, the stock has pulled back at lightning speed.
As the chart below illustrates, Apple climbed at a dizzying pace through the end of August. The drop, however, was even sharper. Between September 1 and only four days later, the stock was already well into correction territory – which was the fastest decline off a peak for Apple since 2007.
Over the past few trading days, Apple looked for some kind of support, but failed to find it. As I type this paragraph, shares are only another bad day (like today) away from entering bear territory – a decline of 20% or more off all-time highs. Will the stock get there or finally reverse course?
Watch the brief video above for more on Apple stock’s recent price behavior.
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(Disclaimers: the author may be long one or more stocks mentioned in this report. Also, the article may contain affiliate links. These partnerships do not influence editorial content. Thanks for supporting The Apple Maven)