Apple Inc. AAPL shares fell to an intra-day low of $153.83 Wednesday, down 3.1 percent before they trimmed some of the losses and settled down 1.7 percent at $156.07 for the day. Commenting on the weakness, B. Riley & Co. analyst Craig Ellis said it could be due to two reasons, namely weak China initial iPhone 9 preorders and Watch 3 LTE connection issues. However, the firm did not attach much significance to the sources of weakness, reasoning that it is too early to draw any conclusion. Read moreStochastics are in the oversold territory, so the downside potential is over. $AAPL, Apple Inc. / D