Because it is a component of the three major indices, DJIA, S&P 500 and Nasdaq 100, and in the latter two is especially important because they are capitalization weighted, we pay attention.
The 200-day moving average is coming up, important not because there is magic in the line but because everybody and their computer is aware of it, so it might be a place to pause the decline:
If not, I don't see where the buying would come in.
What could be really nasty is if the stock does bounce and bounces enough to fill that early September gap before heading south again.
That could be the trap of all traps.
Only the paranoid survive.
$169.62 down $2.34 (-1.36%) with a daily low of $169.28.
