Bouncing off Oversold Could Reach 388 - 400...Lighten Up
The Chaikin Power Gauge RatingTM for Apple Inc. $AAPL is neutral with poor financial metrics, very strong earnings performance, bearish price/volume activity and very positive expert opinions.
AAPL's earnings performance is very strong as a result of high earnings growth over the past 3-5 years.
AAPL's financial metrics are poor due to a high price to book value ratio.
Despite these bullish factors, Chaikin Power Tools has identified a negative trend resulting in a neutral rating.
