Apple Stock (AAPL) Is Trading Very Heavy: Reason For Concern?

Stocks are beginning to show some fatigue and investors should take notice.

Especially when market leaders start to trade heavy.

Case in point today is Apple (AAPL) which has struggled with the $200 price resistance level and trades a bit heavy.

Note that the following MarketSmith charts are built with Investors Business Daily’s product suite.

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$AAPL Apple “daily” Stock Price Chart

As you can see, Apple (AAPL) has not made new highs while the Nasdaq has. And AAPL has struggled with the $200 level, this time not even making it to that point. Could this market leader be signaling forthcoming weakness? Stay tuned.

aapl apple stock price rollover trading chart

Twitter: @andrewnyquist

The author may have a position in 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.