Apple Inc. (AAPL) is up $9 per share after the company reported 1 million iPhone 4S's sold in the first day. This is a new iPhone sales record and should not be taken lightly. However, Apple Inc. (AAPL) continues to be in a downtrend and will remain in one until we see a close above $390. Apple Inc. (AAPL) is due to report earnings on 10/17/11. I am expecting AAPL to report blowout earnings and the stock is a rated buy below $350 if we see another sell off.
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