Apple Inc. (AAPL) , which reports its earnings on Thursday, should be able to hold its own thanks to its services, according to Jim Cramer. Let's check out the charts and indicators of AAPL today to see how traders and investors may be positioned ahead of earnings amid reports the company is pushing back their production ramp for their 5G iPhone lineup.
In the daily bar chart of AAPL, below, we can see that prices rebounded quickly from their March low. There is a shallow pullback in early April that may be a "retest" before prices moved higher. Prices are now above the bottoming 50-day moving average line as well as above the rising 200-day moving average line.
Trading volume was very heavy from late February through March and the On-Balance-Volume (OBV) line plunged to a new 12-month low in March. The OBV line has been steady since late March which is "just OK" when a rising OBV line would be more positive.