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(
January 26, 2012 at 10:46 AM
BY Thomas H. Kee Jr - Editor, Stock Traders Daily)
I recently issued a sell signal for AAPL, and now AAPL is about 20 points (4.6%) higher than it was when I issued my sell signal. The stock was $448 and I issued my sell recommendation at $426. The increase was driven by outstanding quarterly results, no one can argue that, but I continue to recommend selling shares of AAPL, so here I will offer further rationalization for that call.
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Our Trading Reports in this Article:
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News Archive
- Sell AAPL
- Earnings Radar: MCD, HOG, AMD, STLD
- Swing Trading: QLD, QID, TWM, DXD, SDS
- Earnings Radar: IBM, ISRG, LUV, UNP
- Ahead of Earnings: BAC, MS, BBT, AXP
- Best ETFs For a Pullback: SDS, TLT, GLD, VXX
- Five Companies With High Exposure to China
- Trader’s Market Setting Up for 2012: SPY, FXI, JPM, EZU
- Ahead of Earnings: MOS, MON, FDO, PSMT
- The Best ETFs of 2011: TLT, GLD, IHE, XLU
- Relative Strength Winners & Losers: MCD, HD, VZ, AMZN, BAC
- The Best Gold Stocks of 2011: RGLD, AUY, ANV, GOLD
- Relative Strength Winners & Losers: PNRA, DPZ, KOG, GLW, RIG
- Four ETFs to Watch This Week: ITB, XES, XLY, XRT
- Internet IPOs Still Overvalued? GRPN, LNKD, P, ANGI
- Four Stocks the Insiders Are Buying: WPO, PVR, CAKE, DIS
- Four ETFs on the Move: USO, GLD, XRT, XLI, GE
- Colossal Buybacks Trending Now: MO, IBM, AMGN, SNDK
- Ahead of Earnings: MA, V, QCOM, CLX, WFM
- Earnings Radar: QCOM, WFM, TAP, CLX
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