Apple getting beat up

I'm not sure how many readers have noticed the sharp correction in Apple share price over the last few months but we certainly have.  Full disclosure, we own personal shares of Apple as well as owning positions in client portfolios.

We see from a technical level that the next support price is somewhere around $525 per share.  Although over the past few years Apple's performance has largely outperformed, you can see below stints where the shares have declined by over 20%.

We still see tremendous value in the company and would look to add to our positions on a further pullback.

Chart courtesy of Bespoke