BTW, 430 is also the 50 day moving average. Giving the overall market is looking tired and topping out, and the earning season is coming to an end, and the lack of any significant event from Apple in the next month or so, the odds of coming back down to the 430 level is very high.
It was the last breakout point and should become a role reversal support. But because the volume on the breakout was weak, the support might be weak as well. If it breaks down that support level, it could drop back down to the 430 level to fill the gap. Be careful here.
“IT was the best of times,
IT was the worst of times,
it was the age of wisdom,
it was the age of foolishness,
it was the epoch of belief,
it was the epoch of incredulity,
it was the season of Light,
it was the season of Darkness,
it was the spring of hope,
it was the winter of despair,
we had everything before us,
we had nothing before us,
we were all going direct to Heaven,
we were all going direct the other way”
-- Charles Dickens
After the market closed on the trading day before the ex-dividend date, the closing price will be automatically adjusted lower by the dividend amount. It has nothing to do with the demand of stock. What price the stock will open on the ex-dividend date is entirely up to the market but the closing price on record for the day before will be adjusted lower.
P.S. I just wish posters on this board can be a bit more civilized. There is no need for name callings, especially when all the facts aren't known, understood, or presented correctly.
No, it won't drop that much. The delta of your call is about 0.32 so the drop should be no more than $1.00 if nothing else has changed.
It didn't drop $20 when the import ban news came out. Why should it go up $20 when the ban is vetoed?
It is because in the stock market everything is relative. Apple's margin has been much higher and has been coming down along with its earnings. If its margin comes down more, its earnings may come down even more. The only way to have higher earnings at lower margin is to sell a lot more units but that may not be possible because Samsung is shipping a lot more units than Apple does and therefore taking market shares away from Apple.
7 thumb downs? Are you guys serious? What did I post that upset you guys so much?
The success rate of low volume breakout is much lower than breakout with high volume. It is a matter of facts of the history of trading.
There are actually multiple resistant levels here: 457, 463, and 467, all bunch up together within 10 points. So the resistance in this area is very strong. It is hard to say if it will break through in this run. It will break out when it breaks out. Which level it actually breaks out isn't as important. The important thing to watch is the volume. It should be at least 40%, 50% higher than average on the break out. Right now the volume is dropping as it moves near the top of the trading range. Yesterday's volume was only 7.5M shares, almost 40% below its 50 day moving average. So if anyone is trading the range, taking some profits will be a prudent thing to do.