$AAPL Downgraded by Merrill


The Chaikin Power Gauge Rating for Apple Inc is Neutral with average financial metrics, very strong earnings performance, very weak price/volume activity and positive expert activity.

AAPL’s earnings performance is very strong as a result of high earnings growth over the past 3-5 years and better than expected earnings in recent quarters. Despite bullish factors, AAPL has moved below its long-term trend, resulting in a Power Gauge rating of Neutral+.

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