Rumor Has It: Why Apple Stock is Diving

From Yahoo: Shares of Apple (AAPL) are now in correction territory, down over 10% from its intraday high of $705.07 on September 21 —the day the iPhone 5 went on sale. The largest stock in the world is now more than 4% below its 50-day moving average of $658, despite more leaks about an iPad mini. Investors are backing off, but according to Bespoke Investment Group, there could be opportunity to get in right here. Apple hasn't traded below its 50-day M/A in 49 trading days. B.I.G. went back ten years, since the launch of the iPod, to look at how the stock reacts after breaking below the 50-day when it was above it for at least one month. Here's the typical recovery: Among potential catalysts for AAPL are rumored plans to announce an iPad mini, although Apple still hasn't confirmed whether an event invitation is coming…... Find out more at http://finance.yahoo.com/blogs/breakout/apple-shares-under-pressure-ipad-mini-rumors-swirl-140921414.html