Articles tagged with AAPL

When price action moves higher, but momentum oscillators don't follow suit, it's referred to as a negative divergence. It's a signal that momentum is slowing or stalling and that we should consider a potential top in price. While the textbook definition is very easy to interpret on the surface, we also need to make sure we use a healthy dose of common sense. After all, if a stock breaks out to a new high on massive volume, but a momentum oscillator lags, is it really a sign of slowing momentum? On Tuesday, Apple (AAPL) soared on AI news, closing at an all-time high above 200.00 and producing one of its highest volume days since the 2020 pandemic:...keep reading

The S&P 500 is a market-cap weighted stock index, which means that the largest companies have the largest influence in the direction of this benchmark index. There are no companies bigger than Apple, Inc. (AAPL), which closed on Thursday with a market cap of $2.1 trillion. So AAPL is obviously the largest holding in the S&P 500. It currently weighs in at nearly 6% of the entire S&P 500. What AAPL does has a big influence on the direction of U.S. equities. Therefore, it's probably a good idea to watch and see if AAPL can hang onto price support established by the June low:...keep reading