With further gains in the broader market, Apple (AAPL) continued its multi-month climb, settling +1.8% @ $635, the highest level since Oct' 2012. Near term outlook is bullish, and the historic high of $676 is now just another 5% higher.
*AAPL is due to be split, 7 for 1, at the Monday open..June'9th.
Suffice to say...with the broader market still climbing, AAPL looks strong, and as many recognise, relative to a lot of the 'junk' out there, AAPL is grossly undervalued.
Regardless of the near term though, equity bulls should be mindful of the MACD (blue bar histogram) cycle on the bigger monthly cycle. If that starts to level out, and roll lower by July/August, it could be a bit of a rough late summer/Autumn.