AAPL

Apple stock (NASDAQ: AAPL) has been in a rough patch ever since the company announced its third quarter results two weeks ago. Despite it being a record breaking Q3 for Apple, the numbers didn't quite meet Wall Street expectations, and the share price has been sliding ever since. The day before the earnings call shares closed at $132.07, close to their all time high. On Monday the stock fell below its 200 day moving average and investors took note, as yesterday saw the highest volume trading since January.

Apple (NASDAQ: AAPL) had a relatively uneventful week on the trading floor last week. Share prices started the week at $123.09 and closing on Friday at $121.30 for about a 1.5 percent loss on the week. A weekly high of $123.91 was reached on Tuesday and the low of $120.91 came during trading on Friday. Despite the lackluster stock performance, there were several positive items regarding Apple last week.

Apple (NASDAQ: AAPL) released its third quarter results shortly after the closing bell on Tuesday. Share prices proceeded to plummet nearly 7% in after hours trading (the drop off actually began shortly before the earnings call) even though it was yet another record breaking quarter for the Cupertino giant. After closing Tuesday at $130.75, prices opened Wednesday at $121.99. They recovered a little bit during large volume trading on Wednesday, closing at $125.22, and closed the week at $124.50.

Apple (NASDAQ: AAPL) released its third quarter financial results yesterday after the market closed and, despite more record breaking numbers, share prices took a nose dive in after hours trading, losing a bit over 7%. This was likely due to the numbers not quite reaching some of the lofty estimates offered by analysts over the last few weeks.

Apple (NASDAQ: AAPL) shares made gains on just about every day last week, opening Monday at $125.03 and reaching $129.62 (which was also the high for the week) by Friday's closing bell for a 3.7% gain on the week. Shares are at $131.83 as of this writing. The surge is no doubt due to a flurry of bullish reports from analysts in the days leading up to Apple's third quarter results call, which is tomorrow, Tuesday July 21 at 5:00 PM ET.