Here we are now a year later since Steve Jobs has passed away and I think it’s a great time to assess what the stock has done since that time. Where is it going? Since I’m mainly into technicals I’m going to show you some numbers I’ve pulled over the last couple years on Apple. If you take a look at the chart below, it seems like it’s about to fall apart here. It appears that there is a head and shoulders pattern where price closed below the neckline on friday with increasing volume. If someone showed you this chart and didn’t say it was Apple would you think this was bullish? Probably not.
I want to keep an open mind here and present to you some numbers on betting against this stock was under the 50 day moving average. The results are pretty stunning I have a total count of winning returns vs. losing returns if you bought it and held 7 days, 15 days, and 30 days later. History is in favor of buying weakness in $AAPL, but we also want to use our best judgement as history does not mean it will repeat again. It does however remind you to keep an OPEN MIND as it has recovered strong in the past when these events occur. I have generated these numbers from yahoo finance close data that was parsed and thrown into a script (I work as a software developer for a living).
Strategy: Buying when under the 50 Day Moving average in $AAPL
