Apple Inc.’s stock rallied $1.55, or 1.5%, in midday trade Monday, reversing earlier losses of as much as 0.6%, to be the biggest price and percentage gainer within the Dow Jones Industrial Average . The stock was adding about 11 points to the price of the Dow, which was up 72 points. Apple shares had tumbled 4.8% the previous two sessions, in the aftermath of the iPhone 7 unveiling event, to close Friday at a six-week low. On a technical note, the stock’s reversal Monday started at the intraday low of $102.53, the lowest price seen since July 26, and just above the 200-day moving average of $102.22. The stock was still trading below where it closed on Sept. 2–$107.73–which was the day a bullish “golden cross” appeared as the 50-day moving average moved above the 200-day moving average for the first time since Aug. 25, 2015.
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