Here are some stats to mull about the biggest technology and computer hardware company on Earth:
* Shares of Apple have fallen more than $50 since hitting an all-time high of $364.90 in mid-February. That's about $43 billion of evaporated market value -- or the equivalent of an Eli Lilly (LLY) disappearing into thin air. The slide to a seven-month low has not been abrupt or disorderly. In fact, there have been only three trading days since the February high that Apple dropped more than 2% in a single session.
* The stock has just broken below its 200-day moving average for the first time since September 2008.
* It is on track for its biggest one-month drop in three years.
* 94% of the 52 analysts who follow the stock currently rate it a buy, and it has topped EPS consensus estimates for at least 20 consecutive quarters and missed sales only once, according the FactSet data.
Obviously, the second-biggest stock in the country has been an absolute monster holding for any growth investors these past few years, but its recent slide and deteriorating technicals are cause for concern.
Even veteran traders like Jon Najarian, co-founder of OptionMonster.com, admits to getting singed by the Cupertino Kid and says he was " lucky to take only a $2 loss."
"Apple is facing a host of headwinds even though they've got great products that everyone loves. The supply chain issues have pushed off launches, like the iPhone 5, until at leastRead More »http://finance.yahoo.com/blogs/breakout/archive/2.html
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