Apple Inc. (NASDAQ:AAPL): Apple stock sold off despite Q1 CY2025 earnings beat expectations


Apple stock sold off on Friday and closed at $205.35 after the company released its Q1 CY2025 earnings that beat Wall Street expectations a day earlier. The bears cited numerous concerns, including uncertainty amid Trump's trade policies and the Google antitrust case trial, set for Sept. 22.

Another reason for the sell-off could be that some traders are taking profit as $AAPL has run up 26.8% since its April low. The stock is now in bear market territory, $207.85. There is a key resistance at $212.94, coincidentally the 50-day EMA. The stock could break above this level if China can agree on trade talks with the U.S.

This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

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