Wendy Boyd
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Wendy Boyd in Historical Parallels,

Will Apple's Stock Suffer From A 'Sell The News' Reaction?

Investors have valid reasons to be nervous heading into Apple Inc. AAPL's earnings report after Tuesday's market close.

For starters, there's the possibility a key update to the upcoming iPhone 8 release will result in a "sell the news" reaction, Robert Cihra of Guggenheim Securities said during CNBC's "Squawk Alley" segment. While this is a possibility, the analyst expects a different outcome in which Apple will generate a lot of "excitement" for the iPhone with many compelling and new features.


What goes to the chart, there is a clear breakout of the rising linear channel. Stochastics are getting closer to the overbought territory. All these give more downside potential. Probably down to 147.2711.


AAPL, Apple Inc.