Apple (AAPL) Stock Nearing $100 Support, IBM At Crossroads

James Bartelloni

If you are unfamiliar with my thesis on Apple, Inc (AAPL – quote) and International Business Machines (IBM) for 2015, it goes something like this:  IBM should start to outperform at some point in 2015, and AAPL may begin to underperform. And with AAPL $100 support coming into view and IBM $150 support in view; investors need to pay attention here.

Here’s some research past research posts on the subject:

Quick update on this relationship. These two posts (and charts below) need to be monitored closely. IBM appears weak, still. It is going through a dreaded retest of a very important support level. In short, a breach of $150 would likely signal lower prices for IBM stock. And Apple appears to be seeking it’s former high around $100. And it is this AAPL $100 support level that also ties out in time and price, making it a critical level to hold for stock bulls.

Click to enlarge charts.

IBM Stock Chart – Retest of recent lows… $150 Key Support

IBM 150 technical support level stock price chart

 

AAPL Stock Chart – AAPL $100 Support Level Very Important

aapl 100 technical support stock price level_2015

 

Stay tuned.  And, as always, thanks for reading.

 

Follow Bart on Twitter:  @BartsCharts

No position in any of the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

 

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