AAPL Stock Analysis
By Johns Wu on Aug 05, 2006
Apple Computer stock fell $1.29 today after it announced that they would have to delay filing their annual quarterly report. The reason for the delay was a possible discrepancy about how stock options was issued by the company between 1997 and 2001.
AAPL finished the day at just over $68, down 2%. The company also announced today that it would have to delay the filing of its report with the Securities and Exchange commission which may cause stock prices to drop a few more dollars, but stockholders have nothing to worry about.
The technical analysis of the stock shows that AAPL is trading at a historical resistance on the 6-month scale.
Keep an eye on how AAPL reacts (breakout or failure) at this retest of the historical resistance.
This entry was posted on Saturday, August 5th, 2006 at 2:44 am and is filed under Annotated Analysis.
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this will be quite interesting to watch considering a few days ago it was upgraded to a buy however with the latest options scandle it could bring the price lower…?