Apple has become ridiculously oversold.
After pulling back from $157.50 to $143.43, the stock appears to have caught strong support dating back to July. From here, we’d like to see a bearish gap refill around $148. It’s also wildly oversold on RSI, MACD, and Williams’ %R at the moment. Helping, Wedbush analyst Dan Ives says that it’s time to buy the dip in tech stocks, as noted by Street Insider.
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