An impressive run in Apple’s stock over the last four weeks has left it vulnerable to a short-term pullback, warns one veteran chart watcher.
“Apple is just as overbought as it was in early September of last year just before it rolled over in a significant way,” said Matt Maley, Miller Tabak chief markets strategist. “So it looks like it will need to pullback and digest its gains before it takes a run at breaking above its January all-time highs.”
Apple’s relative strength index (RSI) —a key…
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