NEW IPAD, NEW APPLE TV, SAME OLD STOCK PRICE
Apple (AAPL) introduced a new Apple TV and the new iPad, but the stock price barely budged. However there are several important internals of trading in Apple stock that astute investors should be in tune with.
The chart shows movement of Apple stock on prior event days.
Our computers show that ratio of up ticks to down ticks was 0.99. This is slightly negative. On most days, Apple exhibits ratio of upticks to downticks well above 1.00.
Ratio of up blocks to down blocks was 0.67. Block trades are an indication of institutional activity. This used to be a very important piece of information, but these days it should be taken with a grain of salt.… Please click here or the title below to read more.
March 8, 2012