Watch These Apple Stock Price Levels as iPhone 16 Launch Event Set for Monday [from Investopedia]

Apple (AAPL) shares will likely be in focus Monday as the tech giant hosts its “Glowtime” product launch event, where it is expected to unveil its new artificial intelligence (AI)-powered iPhone alongside other devices and provide further information about major software updates, including Apple Intelligence-enabled iOS 18.

Since bottoming out from a correction in early August, Apple’s stock has rallied around 13% leading into Monday’s showcase, raising the possibility of a sell-the-news event. Indeed, investment bank Morgan Stanley recently pointed out that the company’s shares tend to underperform the S&P 500 on the day of an iPhone launch event, but modestly outperform the market in the following three months.

Below, we’ll take a close look at Apple’s chart and use technical analysis to identify key price levels investors should watch out for amid the iPhone maker’s biggest event of the year.

Full News: Watch These Apple Stock Price Levels as iPhone 16 Launch Event Set for Monday [from Investopedia]

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