Apples stock drops below the March low to complete bearish pattern - BitcoinEthereumNews.com
KabuhayanBumababa ang stock ng Apple sa mababang March para makumpleto ang bearish pattern05 / 11 / 2022Balita ng Ethereum ng Bitcoin Mga Pagbabahagi ng Apple Inc.n AAPL,n -5.18%n were diving 3.6% in afternoon trading Wednesday, enough to pace the Dow Jones Industrial Average‘sn DJIA,n -1.02%n decliners. The decline comes amid a broad selloff in the technology sector, and even though the technology behemoth didn’t issue any press releases or file anything with the Securities and Exchange Commission on Wednesday. The tech-heavy Nasdaq Compositen COMPn -3.18%n sank 2.0% while the Dow industrials fell 124 points, or 0.4%. The drop takes the stock below the March 14 closing low of $150.62, and puts it on track for the first close below the $150 level since Nov. 11, 2021. Given that the March 29 recovery-high close of $178.96 was lower than the Jan. 3 record close of $182.01, the stock has now completed a bearish pattern of lower highs and lower lows, which followers of the century-old Dow Theory of market analysis say defines a downtrend. The stock has declined 16.1% year to date, while the Dow has lost 11.8%.