Apple shares continue to fall and enter the «death cross»

AAPL na cruz da morte

This end of year has been terrible for Apple and several other tech giants when it comes to their NASDAQ stock values.

Speaking specifically of $ AAPL, it closed today at a drop of 3.89%, now quoted at $ 150.73. The accumulated drop in the week was 8.9% and the company’s market value is now at $ 715.3 billion, just below that of $ MSFT ($ 754.2 billion).

Today, as reported by CNBC, Apple entered what investors call “Death cross” (Death cross). This happens when the average 50-day stock price falls below its 200-day average – and that’s what happened with Apple’s shares.

Although we have already analyzed some reasons that may have led to this recent fall in the $ AAPL, the technology market as a whole is in bad shape at the end of 2018. Exactly a month ago:

  • THE Apple fell 15.3%;
  • THE Twitter fell 13.6%;
  • THE Amazon fell 9.2%;
  • THE Facebook fell 7.3%;
  • THE Alphabet fell 5.6%;
  • THE IBM fell 6.4%;
  • THE Microsoft fell 4.7%;
  • THE Intel fell 4.7%.

Apple still leads the recent poor performance on NASDAQ, but * none * of them went up in the period. The thing is ugly.

via Cult of Mac