Apple IncShort
AAPL Overbought
By any stretch of the imagination, AAPL is overvalued at $340. Being up YTD despite the Covid19 crisis makes no sense. Consensus estimates on EPS hit for 2020 is c.30%.
MACD & RSI indicate overbought. The Smoothed Rate of Change (S-ROC) is pointing downwards. No clear SELL signal yet. But a contrarian can target $301 in the short term.
MACD & RSI indicate overbought. The Smoothed Rate of Change (S-ROC) is pointing downwards. No clear SELL signal yet. But a contrarian can target $301 in the short term.
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