Business Chart of the Day: Is Apple Rolling Over?

Business Chart of the Day: Is Apple Rolling Over?
Apple CEO Tim Cook attends The Apple Inc. Tower Theatre retail store opening on Broadway Theater District in downtown Los Angeles on June 24, 2021. Patrick T. Fallon/AFP via Getty Images
|Updated:

The rally in Apple Inc. may be coming to an end. After a rapid and large move higher, the bears may be seizing control.

When stocks are moving higher, the bulls are in charge of the market. When they start to lose control, the price action shows up on a chart with the appearance of a reversal pattern.