Apple Inc             . has gapped down after the latest earnings report (on June 22, 2015), which contained weaker than expected revenue forecast.

The price has opened below the 1st standard deviation from its quarterly (66-day) moving average (standing at 124.9), signaling a risk of initiating a downtrend on quarterly basis. Despite that, price has popped back up to the 1st standard deviation during the following trading session, hinting now of a probability of mean revertion upwards (price moving back up to its 66-day moving average at ~128).

Since the company is strong and going, it is very likely that the price will not only revert back up to its 66-day mean, but will fully close the post-earings gap, tagging the upper 1st standard deviation from the quarterly mean (standing at 131)


"Because of Apple's size, its decline was disproportionately felt on the market, said Phil Orlando, chief equity market strategist at Federated Investors in New York .

"You are seeing a hit as a knee-jerk reaction on the downside," Orlando said. "The company is still growing like a weed. It's well managed and well capitalized.""

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