Monday, 5 May 2014

AAPL - breaks into the $600s

With the broader market rebounding across the day, Apple (AAPL) built significant gains into the close, settling +1.5% @ $601. With the big $600 threshold now broken, the door is open to the 620/25 zone.

AAPL, daily


Little to add.

As ever, relative to the main market, AAPL remains a bizarrely priced stock, and 'should' be in the 700/800s.

As things are..the 7 for 1 split is due early June..and AAPL will probably be added to the Dow in the autumn.

Regardless of any summer weakness (especially in the main market), long term least into mid/late 2015.