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  • This chart spells trouble for Apple

    Amanda Diaz at Talking Numbers5 days ago

    Apple wowed the world Tuesday with a slew of new products and updates.

    From the new iPhone 6, to the tech giant’s first smartwatch, CEO Tim Cook captured the attention of investors and consumers alike.

    (Read: Apple introduces new iPhones, mobile payments, and watch)

    But while all eyes seemed to be on the new product pipeline, Apple’s stock saw some volatile swings.  Shares soared more than 2 percent after the iPhone 6 announcement, and then dropped sharply before closing nearly a half of a percent lower after pricing was announced.

    So, will the whipsaw action in the stock continue, and where could Apple be headed longer term?

    “Opinions are like iPhone’s today, everyone has one. I prefer the charts,” joked Auerbach Grayson’s Richard Ross. “From a purely technical standpoint, I’d be a seller of Apple on today’s news.”

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