What does this mean for investors?
If you already own Apple, consider adding to your position. At current pricing - Apple yields 1.75% dividend. That's a healthy number for a tech stock with the fortress like balance sheet enjoyed by Apple.
If you don't own Apple, this is a solid entry. Don't 'rush' in with all the money you want to invest in Apple. Enter this stock in stages. It might have more downside in the short term as momentum traders flee the break of the 200 DMA. If you plan to invest 10k dollars - buy in 2500 dollar increments. Don't buy in one chunk.
My ratings for Apple
Short term rating = STRONG BUY
Long term rating = STRONG BUY