Apple stock drops, set to snap 4-day streak of closes above 50-day moving average
Shares of Apple Inc. dropped 1.9% in premarket trading Thursday, to put them on track to open below the closely watched 50-day moving average (DMA). The technology behemoth's stock had closed above the 50-DMA, which is viewed by many chart watchers as a tracker of the shorter-term trend, for the past four sessions, the longest such stretch since Sept. 1. Meanwhile, the stock has closed below the 200-DMA, which is seen by many as a dividing line between longer-term uptrends and downtrends, since Sept. Читать дальше...