IPhone Report Sends Apple Below Key Support. Check the Chart.

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The Street

By Bret Kenwell Apple’s plans to boost iPhone production are off the table, a report says. Let’s size up the situation on the chart. Apple (AAPL) – Get Apple Inc. Report stock is off the low of the day but is still off more than 2% following a downbeat iPhone report. The Bloomberg report says that iPhone demand is not as strong as some investors may have hoped and that plans to boost production are now off the table. The stock’s decline makes for an interesting market dynamic and comes amid a stock market and bond market rally — one that’s occurring without Apple. Earlier this month I calledAp…

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