Apple bucked a down day in the market to rise, which might be an indication the stock is beginning to turn the corner. However, the 50 DMA will act as resistance until the stock gets above that blue line. The next few trading sessions will be key to the short term direction of the stock.
Apple did put out a press release indicating that pre-orders for the iPhone 6s/6s Plus are strong. Will investors be calmed enough to buy? Watch for a break above 118.
Short term rating = BUY
Long term rating = BUY