Look To Take Profit In Apple

Trade Followers momentum from both StockTwits and Twitter are still confirming the uptrend, but is getting close to over bought levels.

On 1/23/15 subscribers were able to see a buy signal for Apple  (AAPL). Since that time AAPL is up almost 15% and is extended well above its 50 day moving average. Trade Followers momentum from both StockTwits and Twitter are still confirming the uptrend, but is getting close to over bought levels. By taking a third of the position off the trade you protect some profit, but still give most of the position a chance to move higher.

Twitter sentiment for Apple AAPL

On the next dip in the stock keep a close eye on 7 day momentum. If its confirming uptrend line is broken it would be prudent to take at least another third off the trade.

Disclosure:

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