Apple is a great stock with a low PE given earnings prospects but the price chart suggests it will dive to about $250 if it can not defend $320.

Apple may stop at $310 or $300, but once on the way down the $280 could be breached easily.

The price-momentum divergence is too huge to stay into this name, after so much gain. Folks who have the large gain into this name should pull out: the risk to the downside outweighs the gains made.