AAPL's 50 day moving average is $457.22 and its 200 day moving average is $464.43 so the so called "GOLDENCROSS" hasn't happen yet although it is getting closer! 2 other independent software developers gave me similar numbers confirming that Fast Money "CNBC" is flat out wrong in saying AAPL had a golden-cross today!
CNBC Has lost all creditably over the years. In recent history they've managed to find new lows. Fast Money traders have been attacked by Melissa Lee at even a hint of trying to say anything positive about Apple. At least half the FM traders have disclosed they're long Apple and have been long Apple for quite some time. Call it karma, but one day it will catch up with Melissa Lee. It has to be mud in her face now that Apple has added over a 100 points since she when into full Apple bash mode.
Sentiment: Strong Buy
Before the Icahn tweet, CNBC kept saying for days that the 200 dma was at 471 as though it was static. At that time the average was still dropping and was in the lower 460's. I have no idea what their agenda is, but surely they can't be that stupid. Anyone who has access to the internet can find the real averages. I guess they want to front run the actual event which should happen on Tuesday.
Everyone is grandstanding. Icahn makes his tweet as we already to go above the 200 day. Then he of course gets all the credit. Now, you have upgrades as the 50 is about to cross the 200 day. I guess these analyst will act as if they are some sort of financial wizard, but are stating the obvious.
I guess your right and I am taking it too serious- although fastmoney I consider not such of a clown operation as much as the rest of CNBC's shows but to over and over bark out false info when they must be getting tweets telling them that their information is wrong just seems to much like they are trying to so so overtly cook the books. At least don't keep pumping out false info over and over when they must have seen live tweets to the contrary there must be a long AAPL agenda! I guess I have to relax more and just take the clown network for what it is a clown network.
Sentiment: Strong Sell