Will Apple's iPhone launch make or break the stock?

Apple (AAPL) will unveiled its latest iPhone this morning west coast time. Will the new model determine whether the stock makes a move either up or down? Based on our INK Edge signals, it just might. Right now, the stock has a Mixed INK Edge outlook. CEO Tim Cook's selling last month has helped to cloud the picture.

Tim Cook (red circle on chart) has been selling lately under a trading plan

Although the sales have been made under a pre-determined trading plan, we do not take much comfort from those structures. In our books, a sale is a sale. The key is putting those sales in a context in terms of what has been taking place with the stock over the past year. Given the stock's recent weakness, CEO selling at this point is not a welcome sign. For more on the INK Edge outlook process, watch our 2-minute video here.

View today's INK Research Apple company PDF report by clicking on this link (no registration required). Of course, please read our disclaimer as this is not investment advice.

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