Monday, 28 July 2014

AAPL - continuing higher

Whilst the broader market saw some choppy weakness for much of the day, Apple (AAPL) was particularly resilient, and settled higher by 1.4% @ $99.02. The big $100 threshold looks likely within the next day or two, with further upside to the $110s into late summer.

AAPL, daily


Suffice to say, AAPL remains a particularly strong stock...the $100 threshold will no doubt be hit this week, and there will probably be some significant follow through to the $110s by Sept/October.

Relative to the main market, AAPL remains bizarrely valued.

*It remains important to keep in mind that AAPL has a very high probability of being added to the Dow later this year... which would lead to increased underlying upward pressure.