Rich Ross, CMT, Featured In Bloomberg, Talks AAPL Prospects

Rich Ross, CMT, was featured in Bloomberg on Monday talking about the possible direction of Apple's stock price. 

"While Apple analysts see it transitioning to a business model based more on services than unit sales, there could be more pain ahead for the stock, which could dethrone it from the number-one spot in a more decisive fashion," wrote reporter Ryan Vlastelica. 

As illustrated in the chart above, Apple’s stock "has another 18 percent downside," which could take the stock to $140, its 200-week moving average, adds Rich Ross. "It is not bullish when the biggest stock in the world is in 'falling knife' mode," Rich is quoted as saying in a client memo. 

Read the full article on Bloomberg: Who's Most Valuable? Apple Is Still the Champ Over Microsoft.