Apple: Risky Upward Climb

Apple Store At Catalonia Square (Plaza Catalunya) in Barcelona in a neoclassic architecture building


Investors in Apple Inc. (NASDAQ:AAPL) have likely breathed a sigh of relief as AAPL outperformed the S&P 500 (SPX) from its recent January lows, even though its upward momentum has stalled.

Hence, it appears savvy investors likely bought the lows

Apple Services revenue change %

Apple Services revenue change % (Company filings)

AAPL price chart (weekly)

AAPL price chart (weekly) (TradingView)