Tuesday, 1 October 2013

AAPL - set for the mid $500s

With the main indexes closing moderately higher, AAPL was a particularly strong stock, closing +2.4% @ $488. AAPL has managed to hold above the 50 day MA for the seventh day, and looks set to challenge the recent $513 high of mid August.

AAPL, daily


With the main US equity market appearing to have started to turn back upward, AAPL is leading the way, and today's gain from the 50 day MA is a very positive sign.

First target in the immediate time frame is the big $500 psy level, that seems very likely, and then a challenge of $513.

My main market target zone for Oct/Nov is sp'1750/75, which might equate to AAPL in the 540/550s.