Chart of the Day – $AAPL vs. $BBRY, Take 2

Here’s a preview of what I’ll be discussing on Talking Numbers today between 3:20 and 3:30 pm EST on CNBC:

I debated the merits of these 2 stocks 6 weeks ago on the same segment.  At the time, I preferred AAPL over BBRY, with my full thoughts posted.  Since then, both stocks are down a bit more than 5%, significantly underperforming the broader market.

I’ve been looking for a good bounce setup in AAPL ever since its post-earnings collapse to 435.  I put on one long call spread trade that I quickly took off when AAPL failed to show much strength, and have been on the sidelines ever since.  But I still think the longer-term picture for AAPL shows a stock in the process of forming a bottom.

This is a 3 year daily chart of AAPL:

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