Apple (AAPL) reports earnings after the close today, and will definitely be the most watched and talked about stock in the market.

As for how the stock will react to earnings, that is a toss-up. On the one hand, given the run it has had, a strong case could be made for the stock pulling back after earnings.

On the other hand, the company has a habit of giving conservative guidance, so if they beat the numbers by a material amount, the stock could rally. I don't mean to sound wish-washy, but it is a tough call to guage such a short-term move in the stocks.

Given how low short-interest is in the stock, I would put higher odds on a selloff. But any weakness is probably a better buying opportunity than selling longer-term.

Aside from AAPL, the market is getting heavily oversold now, moreso than it has been in months. So traders may want to look at some stocks that are holding up well right now, and that could rally further if the market gets a bounce that lasts more than a few hours.

Here are some stocks that are moving on above-average volume today:

• AMZN, VOCS, JDAS, ANIK, BOBJ, APD, LPHI, NOV, PRXL, BIIB, GRMN

long AAPL