Apple Inc. (NASDAQ:AAPL) is So Boring Buffett Bought Some

Apple Inc. (NASDAQ:AAPL) is So Boring Buffett Bought Some

Apple Inc. (NASDAQ:AAPL) is So Boring Buffett Bought Some

Apple Inc. (NASDAQ:AAPL) under Tim Cook has moved from a cutting edge tech co in to a fairly boring manufacturer.

Buffett is not a tech investor, and the fact that he has jumped in to Apple shows how non-tech Tim Cook is driving the company.

The outlook for Apple is still solid for now and the fundamentals are good but do not expect big money to go in to R&D.

Apple surged 3.7 percent following the disclosure of the Buffett stake, which comes about two and a half weeks after another prominent investor, Carl Icahn, said he had exited the US tech giant.

Apple, the world’s biggest company by market capitalization, has been under pressure as a result of slowing iPhone sales, threatening its chief revenue and profit source.

APPLE INC closed down -0.380 at 93.500. Volume was 64% below average (consolidating) and Bollinger Bands were 67% wider than normal.

Open High Low Close Volume___
94.550 94.700 93.340 93.500 15,588,715

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 92.71 102.87 107.51
Volatility: 29 29 36
Volume: 41,351,412 38,690,448 49,102,708

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

APPLE INC is currently 13.0% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of AAPL.O (mildly bearish). Our trend forecasting oscillators are currently bearish on AAPL.O and have had this outlook for the last 18 periods.

HEFFX Momentum

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 65.1903. This is not an overbought or oversold reading. The last signal was a buy 9 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 36.75. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 1 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 40. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 0 period(s) ago.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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