Apple faces important support levels
Wesley Harr | firstname.lastname@example.org
The March 6 low of $516.22 may be the next support area where buyers could step in. On its way to that level, AAPL might encounter a small speed bump at its 100-day moving average of $527.26, shown by the red line on the chart below.
Another notable metric here is the lower Bollinger Band, currently at $533.72 as shown by the gold line, which could throttle back today's intraday losses. If AAPL falls below that March 6 area, however, the next level in sight will be the Feb. 16 low of $486.63.
(Chart courtesy of tradeMONSTER)