AAPL - a very strong week

With the headline indexes breaking into historic territory, AAPL is following, and closed +1% @ $450. The next big target is the $500 psy level, but perhaps even more importantly, the 200 day MA, which is now lurking in the 530s. Time frame for the mid 500s would be July/August.


AAPL, daily

Summary

The $450 close is a very positive sign that an intermediate low has been put in. Yes, lower levels are still possibly across the longer term, but then AAPL itself is under-priced relative to the main market.

Trend is clearly upward, and it would seem the mid $500s will now be hit this summer.

The big issue is how will AAPL trade when it hits the 200 day MA.
--

As ever, an important one to watch.