This is just food for thought… a little weekend fun.
Below is a comparison of the recent run in Apple (AAPL) with that of Starbucks (SBUX). Same time frame. I find it interesting that the two stocks moved so closely in tandem. With Starbucks turning lower, could Apple (AAPL) follow suit with a similar pattern?
Be sure to tune in later for my blog on the technical state of Apple, wherein I’ll highlight key support and resistance levels (including fibs). Have a great weekend all.
For more technical charts, click here.
Apple (AAPL) stock compared to Starbucks (SBUX) stock on a 3 year technical chart. AAPL vs SBUX with technical analysis overlay as of July 27, 2012.Â
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Twitter:  @andrewnyquist and @seeitmarket   Facebook:  See It Market
No position in any of the securities mentioned 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 his employer or any other person or entity.
