From TradingView · · 40s
AAPL Long Side Looks Exhausted
Apple's stock price nears 40+ TTM PE as long side looks exhausted.
In brief
Apple's stock price nears 40+ TTM PE as long side looks exhausted. Apple's stock price sits at 40+ TTM PE and 11 Price to Sales ratio, signaling potential exhaustion for long investors. Originally reported by TradingView.
Apple stock price
Apple Inc sits at a TTM PE of 40+ and near an 11 Price to Sales ratio, the highest ever.
Long side looks exhausted
AAPL will need a monstrous quarter to break to the upside after its epic run year to date.
Weekly channel ridden
Weekly Channel continues to be ridden, but how long until it reverses?
The bottom line
Apple's stock price sits at 40+ TTM PE and 11 Price to Sales ratio, signaling potential exhaustion for long investors.
