|10:32 EDT||AAPL||Apple tests near lows of the year, potential bearish pattern, levels to watch|
Shares are heading for another test in the $430s, with the $435 area a key level. A break of the low at $435 would set up the stock for a run at the $420s. There is a small potential head and shoulders pattern on the daily chart that would become active on a move below $435. If it triggers, the downside objective would be to $385, presuming the pattern remained active. Resistance is at $442.82.