Apple Flirts With Important Technical Level

Apple Inc. (NASDAQ: AAPL) shares are trading lower by $3.42 at $96.10 in Friday's session. It did manage to bounce off a lower open, but the rallied stalled at $97.50.

Since making the high, it went down under $96 and is attempting to find support just above Thursday's low ($95.74), reaching $95.87. At this time, it is struggling to remain in the $96 handle.

Based on the daily charts, the next major support level in the issue does not come into until its August Flash Crash low of $92.