Here’s What Apple Stock Needs to Do to Buck the Trend

The apple logo is projected on a screen before the start of a product launch event at Apple's headquarters in Cupertino, Calif., on Sept. 10, 2019. Josh Edelson/AFP via Getty Images

Apple Inc. was trading slightly higher in the premarket on Friday in tandem with the S&P 500 E mini-futures, which were rising up over 1 percent.

The tech giant has been trading in a heavy and consistent downtrend since March 30, plunging about 23 percent to reach a low of $136.60 on Thursday.