New York, NY -- (ReleaseWire) -- 01/18/2013 -- Apple Inc. (NASDAQ: AAPL), the maker of iPhones and iPads, is marginally lower in mid-day trading today. At last check, AAPL was down 0.70% to $499.17 on volume of 10.53 million, which is half of the daily average volume of 21.17 million. The stock is still up nearly 3% in the last three trading sessions.
AAPL fell sharply earlier in the week after the Wall Street Journal reported that the company cut component orders for the iPhone 5 due to weaker than expected demand. The stock rebounded on Wednesday, gaining more than 4%. However, it has failed to hold on to the momentum.
AAPL currently has support at around $480. The stock is facing stiff resistance at around $515.
Find out what’s next with one of the most successful companies in the world by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=AAPL
Comcast Corporation (NASDAQ: CMCSA), a provider of entertainment, information and communications products and services, is marginally higher in mid-day trading today. At last check, CMCSA was trading 0.28% higher at $40.06 on volume of 7.09 million, which is below the daily average volume of 11.50 million. CMCSA has gained more than 4% for the week.
CMCSA has had an excellent run over the past couple of weeks. The stock has been gaining momentum after breaking through $38 resistance level. Earlier today, the stock hit a 52-week high of $40.09. Technical indicators suggest that the upward trend could continue.
Find out where CMCSA could be headed in the upcoming trading sessions by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=CMCSA
WallStreetReport.net issues momentum alerts on stocks that can provide gains to day traders. WallStreetReport.net provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. WallStreetReport.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetReport.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the WallStreetReport.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Report believes traders should have a chance at successfully trading Penny Stocks and invites traders and investors to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetReport.net
Disclosure: WallStreetReport.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetreport.Net website, for complete risks and disclosures.
BlueLys, its employees, officers, directors, shareholders and affiliates, hold no positions in the above-mentioned stocks.
WALL STREET REPORT