Apple's earnings conference call is going on right now. They reported pretty solid headline numbers ($8.26 EPS vs $7.94 consensus expectations, $37.5 billion in revenues vs $36.9 billion consensus expectations). However, the stock is down about 3% in after-hours trading.
Technically, the stock is stuck in "no man's land". Has the stock found support and the previous multi-year uptrend will again resume? Or is the stock just taking a breather before the underperformance of the past year accelerates to the downside? Only time will tell...
