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Berger: Has Apple lost its flavour?

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Serge Berger says Apple stock has lost its momentum after its latest quarterly earnings and is set to go lower with the rest of the US market.

Berger expects US stocks to see increased volatility in coming months and says Apple is likely to follow the market lower. The stock, he says, is down about 7% after the latest quarterly earnings, which failed to impress investors.

Also from a technical perspective, Apple shares look poised for a drop, which is why Berger is looking to short the stock at USD 122 with a stop loss at USD 126 and target at USD 110.