Gap Fill Rots Apple Intra Day

Apple Inc. AAPL has been a powerhouse over the last week. The stock hit a beautiful double bottom support level at $326.50 on March 16th, 2011. Since that low, Apple shot higher, ripping up into a master gap fill shown below in the chart. Since this hit, Apple has lost all of its momentum. While still positive, it is off the highs and may be reaching a short term top. Apple is trading at $352.72, +1.18 (+0.34%). Gareth Soloway InTheMoneyStocks.com