Monday, 26 March 2012

AAPL...cruising upward

Just a short note on AAPL

AAPL, daily

AAPL remains right on track for $625/630 by end of this week. Upper bollinger/channel line is pretty much supporting that outlook. $625 easily opens up mid 600s by mid April...maybe even low 700s by end April - if SP'1450+, and if those earnings numbers are at least in-line with what the algo-bots are expecting.

Again, as so few in the bear camp wish to acknowledge, relative to the main market, AAPL is ....45% undervalued.