Apple still in “no man’s land” post earnings release

October 28, 2013
By Knowledge Leaders Team in Uncategorized

Apple’s earnings conference call is going on right now. They reported pretty solid headline numbers ($8.26 EPS vs $7.94 consensus expectations, $37.5 billion in revenues vs $36.9 billion consensus expectations). However, the stock is down about 3% in after-hours trading.

Technically, the stock is stuck in “no man’s land”. Has the stock found support and the previous multi-year uptrend will again resume? Or is the stock just taking a breather before the underperformance of the past year accelerates to the downside? Only time will tell…


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