Though it hasn't been without its ups and downs, Apple Inc's (NASDAQ: AAPL) stock has effectively been trading sideways since July. In fact, the tech titan's shares closed Tuesday's session at the same price they were just one week before they popped to their last all-time high. In the three months since then, they've fallen as much as 20% and rallied about the same.
Speaking from a technical perspective, at least, Apple's shares haven't been forming the most bullish pattern. Sure, they've managed a run of higher lows since August's dip, but it's the lack of higher highs that could give some investors pause for concern. Especially as it's coming at a time when the Fed has signaled its intent to cut rates, and the likes of the benchmark S&P 500 index are back at highs and looking like they could be on the verge of a major breakout.
But it's perhaps this apparent divergence that is creating a decent entry opportunity here. MarketBeat readers will be familiar with our past analysis of Apple stock and how it can often take a broader market move upwards to pull ...
