AAPL, daily
Summary
With the main indexes climbing over 1.5% today, AAPL lead the surge, and closed at a new high. It again must be noted, that relative to the main market, the stock is still under-valued around 35% or so.
It all comes down to valuations, and despite the underlying economic gloom out there, AAPL is cheap relative to the main market.
First upside target is obviously the big $700 level. There are a lot of analysts target 'highs' in the 720/750 zone.
AAPL could comfortably fall to $650, without making any damage to the near and longer term trends.
