Don't Ignore This Chart!: Apple CCI Becomes Oversold for Third Time in Twelve Months

Don't Ignore This Chart!

You are here: StockCharts.com » Blogs » Don't Ignore This Chart! » Apple CCI Becomes Oversold for Third Time in Twelve Months

« Previous Article | Top | Next Article »

Apple CCI Becomes Oversold for Third Time in Twelve Months

April 23, 2012 at 12:04 PM | written by Arthur Hill

When it comes to the Commodity Channel Index (CCI), there is oversold and then there is OVERSOLD. Readings below -100 are average oversold, while anything below -200 is really oversold. For just the third time in twelve months, 20-day CCI for Apple moved below -200. Prior readings occurred in June 2011 and November 2011. Apple reports earnings on Tuesday.

Click this image for a live chart.