Apple Inc. (NASDAQ:AAPL) has been rallying nicely over the last several weeks, but not everyone thinks it will last. MarketWatch contributor Thomas H. Kee Jr. lists three reasons he thinks the company’s shares will move lower.

Apple Inc. (AAPL)

Apple surged ahead of China Mobile news

One of the reasons Kee thinks Apple shares are primed to pull back is because shares surged 10% starting the week of Thanksgiving until the news about the deal with China Mobile was revealed. He believes investors were anticipating this deal because they’ve been wanting it so much for so long. He suggests investors just knew the time was right for Apple Inc. (NASDAQ:AAPL)’s products to finally land on the China Mobile network, so they bought ahead of the news.

Nothing happened after Apple’s big news

He also notes that after the China Mobile deal was revealed, nothing much happened to Apple shares. You might have expected to see a surge because of all the hype analysts have been giving to a deal with the world’s biggest carrier, but we didn’t. He notes that Apple shares often follow the adage, “Buy on the rumor, sell on the news.”

Apple triggers sell-short signal

Kee also said Apple Inc. (NASDAQ:AAPL) shares hit their “longer term resistance level” on Thursday, which he calls “a sell-short signal.” He says investors should hedge their positions because Apple shares could fall down to “longer term support.” He has been recommending to clients that they sell and possible even short Apple.

Shares of Apple Inc. (NASDAQ:AAPL) closed the regular trading day up more than 1%. So what’s next for the stock? We’re still months away from the company’s next earnings report, which could be a catalyst if the company has strong December quarter results. Apple investors seem to like great iPhone and iPad sales numbers at least as much as they like a good Apple rumor. But before then, it’s hard to say exactly what will happen with it.