AAPL Due for Rest After Push to $293.32
Apple Inc (AAPL) advanced 2.05%, ending the session at $293.32 on May 9.
From a technical standpoint, the outlook appears bullish:
Momentum
RSI at 73.0 is elevated in overbought zone, which often precedes pullbacks. MACD reads 7.30 against its 5.31 signal line (bullish).
Moving Averages
Price trades above the 9-day EMA ($282.25) with a bullish stack. The 21-day EMA at $274.46 provides support.
Volatility
Price is extended above the upper Bollinger Band ($291.39), suggesting possible mean reversion.
The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.
Watch $255.04 as support and $291.39 as resistance.
