Apple gains 0.35% within $182.02 to $184.38 daily range

Apple gains 0.35% within $182.02 to $184.38 daily range

Yesterday at a glance: after ending Tuesday at $183.31, Apple spiked to $184.38 yesterday, dropped back to starting point range, and rallied again to $183.95.

United States Initial Jobless Claims is next today at 12:30 UTC.

Apple's uptick comes amid good United States macroeconomic data released during the day — United States Crude Oil Inventories beat the 1.48 million projections, with 7.92 million.

On the flip side, United States Producer Price Index fell short of the -0.1% projections, with new data of -0.3%.

At the same time, United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was 5.25.

Apple could be slowing down soon as it approaches resistance at $184.89. Of course, crossing it might suggest further gains are ahead. Despite posting gains on yesterday, Apple slid below its 3 day Simple Moving Average at $182.69 during the last session — an early indicator that a negative trend could be emerging. Apple's upper Bollinger Band® is at $186.09, this is a slight indication of a slowdown.

Technical analysis suggests there could be an imminent reversal for Apple.

A look at other technology stocks also showed bullish price action as Intel traded at $35.58 after closing yesterday's trading day at $33.91 (up 4.92%). Oracle traded at $122.27 after closing yesterday's trading day at $116.68 (up 4.79%). NVIDIA added 4.81% to its value, and traded at $429.97.

Furthermore, the market is looking at today at 12:30 UTC data for United States Retail Sales will be released, with an expected decline to -0.1% from the preceding figure of 0.4%. United States Core Retail Sales expected to decline to 0.1% while its preceding data was 0.4%, data will be available today at 12:30 UTC.

Also worthy of note, United States Philadelphia Fed Manufacturing Index (Jun) will be released today at 12:30 UTC.

The stock has been trending positively for about 3 months. Over the past a day, the sleek smartphone manufacturer has retreated 0.35% from a noteworthy peak of $183.95.

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DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

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DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

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DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

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DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

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DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

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DraftKings traders look to claw back Monday's 1.2% decline to maintain ongoing trend

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