Why Apple Stock Could Climb 10 Percent

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In an almost perfect “buy the rumor and sell the news” fashion, Apple (AAPL​) stock has sold off more than six percent since the iPhone maker announced its new lineup of smartphones on Sept. 12.

It was a classic scenario because we already knew what Apple was going to announce – almost all the details had been leaked online in the months leading up to the big announcement. The stock rallied as we approached the event and then tumbled as the news came out. Now Apple’s stock is trading at a key support level.

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