Wednesday, 14 May 2014

AAPL - broadly strong

Whilst the main market saw moderate weakness across the day, there was noticeable resilience in Apple (AAPL), which settled lower by just -0.04% @ $593. AAPL looks set to climb into the 610/20 zone in late May/early June.

AAPL, daily

AAPL, monthly


The tech behemoth that is AAPL is holding up very well, considering the recent post earnings gains.

AAPL is due for the 7 for 1 stock split in early June, and no doubt that will get a great of media attention.

The first obvious target will be a move from $85 (or so) to the natural psy' level of $100. That is of course a very significant 20% higher.

As many also recognise, with the stock split, AAPL now looks set to join the Dow'30 this coming autumn. That will be a major bullish factor for both AAPL, and the broader market.