Apple's One-Year Return Swings Into the Red
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By moving below $446 (roughly), Apple Inc.'s (AAPL) one-year return has now turned negative.Please note that these year-over-year returns vary day to day, not only with the current share price level but also with the price level of a year ago.But given the sharp rally by AAPL in 1Q 2012, the "bar" for positive Y-O-Y returns is pretty much going to get higher and higher each day.
One interesting level to note is the $352 level which happens to be half the all-time high, the 200-week moving average, and a technical support area from 2011.
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