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Apple Is Approaching Oversold
MINYANVILLE ORIGINAL This morning we finally got an Approaching Oversold reading for Apple (NASDAQ:AAPL) at $525. Now let me stress the fact that our countertrend has three levels: 1 - Approaching Oversold   2 - Oversold and 3 - Extremely Oversold.  Year to date I have only seen one stock at Extremely Oversold levels and that was Advanced Micro Devices (NYSE:AMD). Can we get to an Oversold level? Yes but we think this is now (at $525) a high probability trade off of this level. Short-term traders: Use a tight stop off the $518 level. Investors: Only start with ...
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