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Apple (AAPL) Breaks Below Its 50-DMA

As the biggest stock in the world, movements in Apple (AAPL) impact the market quite a bit.  On Friday, Apple closed below its 50-day moving average for the first time in 49 trading days.

We went back 10 years (since the iPod was released) to find how the stock has performed in the near term following prior breaks below its 50-day after being above it for at least a month.  In the table below, we highlight the 23 times this has occurred along with how the stock has done over the next week, month and three months.  As shown, breaks below the 50-day for AAPL have historically been...

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