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Epic Short Level Nears On Apple Inc (AAPL)

Shares of Apple Inc (AAPL) continue their march higher as more investors jump on the bull bandwagon. With a P/E ratio approaching the high end of the mature company historic levels, investors need to turn their attention to the charts. The chart tells investors that $AAPL has surged from a low in June of $175 to a current high of $206. This monster move signals an overbought situation, but not a defined short signal. That short signal comes to fruition if/when $AAPL trades to $211.75. At this price, the chart shows an epic gap fill plus a double top. This two factor short signal will likely serve investors well for a large drop in the stock price. A near-term pullback to $193 should be seen within weeks of this level being tagged.
 
$APRN One Day Trade, LIKE A BOSS.