#AAPL Earnings

AAPL reports earnings after market close on April 24th. AAPL closed at $571.70 on April 23rd. In the past AAPL has beaten earnings 24 out of 25 times. However after earnings announcement it has traded higher only 28 percent of the time. In other words it gaps up after earnings announcement and then sells off. On average it gaps up 2 percent. So if AAPL gaps up due to earnings we could easily see 12-15 point move to the upside after market hours and then drift lower during trading hours on April 25th. Compared to its recent move $12 – $15 move is nothing for AAPL.

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