Apple (AAPL) briefly traded back above its 200-day moving average today, but it has since reversed and is now closing right near its intraday low. The stock is down by nearly 12% since its peak on 2/17 and more than 7% this month alone. Surprisingly, even with the ugly looking chart below (lower highs and lower lows), not a single sell-side analyst who covers the stock has it rated a sell. Outside a handful of holds (5), every other analyst (48) covering the stock has it rated a buy. Who will be the first analyst to cry uncle and downgrade the stocks?
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