Apple Tests Record Zone, Market Makers Prepare for Pin Action

Apple's stock price is approaching a critical level, as it tests a massive ceiling near the record zone of $344.50.

The recent pullback to the $315 area following the product event hype led to panic-selling among retail traders, but big buyers quietly stepped in at the 50-day moving average retest.

Volume dried up on the way down and expanded aggressively on the bounce back up to current levels.