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Technology Newsday > Business

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Apple stock drops to 11 month low, analysts see rough times ahead

Originally published: January 19, 2013 11:54 AM
Updated: January 19, 2013 11:59 AM
By REUTERS

Apple CEO Tim Cook speaks following an introduction

Photo credit: AP | Apple CEO Tim Cook speaks following an introduction of the new iPhone 5 in San Francisco. (Sept. 12, 2012)

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Apple is pricing its new, smaller iPad well

Apple's iPad Mini targets competitors Apple on Wednesday revealed that the new iPhone

Apple on Wednesday revealed that the new iPhone

New iPhone thinner, lighter

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Phil Schiller, Apple senior vice president of worldwide

New iPad Mini, iMac, MacBook Pro photos at Apple unveiling HTC One X (AT&T) | CNET rating: 4

HTC One X (AT&T) | CNET rating: 4

The best iPhone 5 alternatives Apple II: This Apple Computers Inc. file photo

Apple II: This Apple Computers Inc. file photo

Breakthrough products of Steve Jobs

To those who study technical stock charts, Apple Inc looks broken.

Even though it is widely viewed to be undervalued after hitting an 11-month low this week and nine out of 10 brokerages recommend that investors buy or hold the stock, Apple shareholders could still be in for more rough times if technical strategists are right.

They note that trading charts show few price points where...

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