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Apple Is Still Overbought; Wait Before Buying

By provides an update on the tech giant.

MINYANVILLE ORIGINAL Today at, we have been receiving many emails regarding Apple (NASDAQ:AAPL). This is because we recommended reducing exposure to Apple on September 14; then last week on September 27, we said that Apple was still approaching overbought and that we were waiting for a Neutral rating on the countertrend indicator before buying the name back. We wanted to update readers: The name is still overbought, and we are waiting for a Neutral rating.

As we have mentioned in prior posts, we do not use RSI.

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No positions in stocks mentioned.
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