Apple Stock Retakes Critical Level As Market Surges By Scalper1 | March 1, 2016 0 Comment Scalper1 News alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/4oSdXnnygMw/Tech_030116_AAPL_FB_AMZN_GOOGL_MSFT_sd.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/4oSdXnnygMw/Tech_030116_AAPL_FB_AMZN_GOOGL_MSFT_sd.mp4 Loading the player… Apple ( AAPL ) made a critical move in the stock market today as the major indexes notched solid gains. The consumer tech giant is set to unveil new products at its March 21 spring media event. Some analysts speculate that Apple will roll out a small-screen iPhone and a smaller-screen iPad Pro. Shares jumped 4% to 100.53 in slightly below-average turnover, retaking the key 50-day moving average. Apple hasn’t traded above that level in nearly three months. The move also puts Apple back above the 100 price level. It’s a good sign for Apple to be coming off of its recent lows, but it’s also good to remember that its 50-day line is sloping downward as Apple’s overall performance over the last several months has trended lower. The stock is currently trading about 25% below its all-time high, reached last April. Apple is currently battling a federal order to assist the FBI in unlocking an encrypted iPhone connected to the terrorist attack in San Bernardino, Calif. Meanwhile, Facebook ( FB ) is continuing higher as it bounces back from a breach of its 50-day line about a month ago. The stock is now trading 6% below its high. Google owner Alphabet ( GOOGL ) was able to retake its 50-day line, rising 3.5% in above-average volume Tuesday. Alphabet is about 8% below its high. Microsoft ( MSFT ) tried to retake its 50-day line and closed the session right at that level. Other recent attempts to retake that level met resistance. Microsoft is 7% below its peak. Amazon ( AMZN ) is 16% below its high. The e-commerce giant was able to retake its 200-day line last week. Image provided by Shutterstock . Scalper1 News Scalper1 News Related posts: Nvidia Retakes Critical Level As Stock Spikes On Earnings Amazon Stock Retakes Critical Level; Netflix Trips Bearish Signal Why You Should Be Paying Attention To Apple’s Stock Chart Apple Retakes Key Level As Stock Tries To Reboot