4 Aug 2015
US stocks trade mixed, apple drops below 200-DMA
FXStreet (Mumbai) - The US stocks traded mixed in the early US session after two days of losses amid quarterly earnings and recovery in the energy shares on account of an uptick in oil prices.
At the time of writing, the S&P 500 was up 0.14% at 2101.00. The DJIA was up 0.12% at 17,618.50. The NASDAQ index was trading moderately weaker at 5120.17.
On the data front, a report released today showed factory orders rose 1.8% in June as expected from the month before.
Apple drops below 200-DMA
Shares in Apple Inc dropped to a six month low, as the break below 200-DMA (at 120.87) on Monday invited technical sellers with fresh offers. The stock also closed Monday below its 200-day moving average, which many view as a sign that the stock has entered the downtrend. The last time stock traded below 200-DMA was on Sept 17th 2013.
At the time of writing, the S&P 500 was up 0.14% at 2101.00. The DJIA was up 0.12% at 17,618.50. The NASDAQ index was trading moderately weaker at 5120.17.
On the data front, a report released today showed factory orders rose 1.8% in June as expected from the month before.
Apple drops below 200-DMA
Shares in Apple Inc dropped to a six month low, as the break below 200-DMA (at 120.87) on Monday invited technical sellers with fresh offers. The stock also closed Monday below its 200-day moving average, which many view as a sign that the stock has entered the downtrend. The last time stock traded below 200-DMA was on Sept 17th 2013.