Apple Inc. (NASDAQ:AAPL) agreed to bring in house more than 300 engineers



Apple Inc. AAPL -0.88% —Down 1.1% premarket: Apple has agreed to bring in house more than 300 engineers from one of its key suppliers, Europe-based Dialog Semiconductor DLG +4.71% PLC—part of a $600 million deal that boosts the smartphone giant’s chip-design operations.

Overall, the bias in prices is: Sideways.

The projected upper bound is: 223.77.

The projected lower bound is: 205.65.

The projected closing price is: 214.71.





Momentum Indicators


Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 19.9518. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 5 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 40.67. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 25 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -167.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 5 period(s) ago.



Rex Takasugi – TD Profile

APPLE INC closed down -1.910 at 214.450. Volume was 89% above average (neutral) and Bollinger Bands were 7% wider than normal.

Open High Low Close Volume___
214.520 219.500 212.320 214.450 53,124,392

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 224.81 218.94 188.85
Volatility: 34 26 28
Volume: 31,726,548 32,113,826 31,238,556




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