Analysis: Apple earnings need to overcome technical malaise

An Apple iPhone 5 phone is displayed in the Apple Store on 5th Avenue in New YorkNEW YORK/SAN FRANCISCO (Reuters) – To those who study technical stock charts, Apple Inc looks broken. Even though it is widely viewed to be undervalued after hitting an 11-month low this week and nine out of 10 brokerages recommend that investors buy or hold the stock, Apple shareholders could still be in for more rough times if technical strategists are right. They note that trading charts show few price points where investors can expect clusters of buying to support Apple's shares. …

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