NEW YORK (TheStreet) -- Shares of Apple (AAPL) are down 0.28% to $128.58 in midday trading Friday after analysts at Bank of America/Merrill Lynch issued a note detailing five key things missing from the Apple Watch.
Researchers at the firm called the wearable device a "solid product, all things considered."
But, the team also created "a wish list of features" with five items. They include a built-in GPS, more health apps and sensors, a wireless charger, better battery life, and better responsiveness to third-party apps.
Apple designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, as well as a variety of related software, services, peripherals, networking solutions, and applications.
The company is based in Cupertino, Calif.
Insight from TheStreet's Research Team:
After a nice consolidation, the Apple (AAPL:Nasdaq) chart is showing some nice progress. Take out the high spike post earnings in April, and we have a chart showing higher highs and lows in an upward-sloping channel.
We like this chart here, and the Moving Average Convergence Divergence indicator is about to flash a buy signal. Relative Strength is also holding up well. Time will tell of course, but the odds seem to favor upside here as the chart is showing potential for some nice price expansion.