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Countertrend Alert Issued as Apple Approaches Overbought


ChartLabPro says consider reducing 25% to 50% exposure and wait to reduce the rest at an overbought level.

MINYANVILLE ORIGINAL Today we got an Approaching Overbought reading on Apple (AAPL) -- the first one since April 25. The last time the name hit Approaching Overbought the stock dropped from peak to trough 5.7%. The stock is now up 15.27% since moving to a Strong Buy. At this juncture we would reduce 25% to 50% exposure and wait to reduce the rest at an overbought level.

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