Apple Shares Stay Above Key Averages as Intraday RSI Enters Overbought Zone

Apple shares remained above their major daily exponential moving averages on Oct. 13 as shorter-term momentum entered commonly overbought territory during the open session. Apple traded at $345.98 at 10:46 a.m. ET (14:46 UTC), up 1.47% from the previous close of $340.97. As of that snapshot, Apple had opened at $344.68, reached $341.12 and risen to $348.11. The shares remained above the 20-session exponential moving average at $335.16, the 50-session exponential moving average at $327.19 and the 200-session exponential moving average at $297.49. The daily moving average convergence-divergence line was 4.16, above its 3.89 signal line, leaving a 0.27 histogram.

Source: TokenPost