Apple (AAPL) is falling nearly 2% in heavy volume, breaking below a significant technical level. With the breach of the 50-day line, that also puts Apple below a prior buy point at 156.75. But the key question here: Does Apple's action result in a sell signal? The short answer is that it depends on how the stock closes today, and whether you're a long-term or short-term shareholder. Apple was down 1.9% to 155.67 in afternoon trading in the stock market today, tumbling as low as 153.83 on Apple Watch connectivity concerns. Volume is more than double normal levels. If Apple closes below the 50-day, it could be seen as a sell signal for those that bought the stock at the 156.75 entry. But we need
Industrial behemoth General Electric Co. (GE) was one of the biggest beneficiaries of infrastructure-driven "Trump Bump" following the election back in November. Shares charted more than 12% higher into the end of the year, besting the rest of the S&P 500 by a big margin. But fast forward to 2017, and things look very different for GE's price trajectory. Year-to-date General Electric has shed more than 23% of its market value, plummeting at the exact same time the rest of the broad market has been rallying higher. It's a great example of a good company with an awful stock. Shares have been downright toxic to hold in your portfolio for the last nine months. Importantly, GE's price action has been
The Federal Reserve will conclude its two-day policy meeting on Wednesday with a statement from chair Janet Yellen, who could provide some key insight into the bank’s assessment of the economy and consequently, its impending policy plans. Although Yellen’s future with the central bank is uncertain – as her term expires in February and President Donald Trump has yet to make a decision on future leadership ideas – here’s a look at what to watch for in her statement and press conference Wednesday. September’s meeting is key because the Federal Reserve is expected to announce plans to unwind its massive $4 trillion balance sheet – a formal process for tightening monetary policy.