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Apple Battles Back After Earnings Miss

By Insider Scoop
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Courtesy of Benzinga.

Apple Inc. (NASDAQ: AAPL) shares are trading lower by $6.50 at $97.85 in Wednesday’s session. The issue is being punished for its EPS miss of a dime and nearly a $1.50 billion miss for revenues.

After a lower open, it continued lower only $0.32 before finding a bottom at $95.68 and began to move higher. That marks the lowest level for the issue since it bottomed on February 25 at $95.25.

Many trading platforms are showing an erroneous print at $98.71 shortly after the open, but the issue is trading at its high for the day at $98.53 and may be heading for the $100 level. It has a huge void in price action up until Tuesday’s low ($103.91).

Posted-In: Technicals Intraday Update Movers Trading Ideas

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