Monday, 8 May 2017

AAPL - powering upward

Whilst the main market saw a day of minor chop, there was significant strength in the tech behemoth that is Apple (AAPL), which settled +2.7% at $152.96. The stock is clearly over-stretched in the short term, but underlying price momentum remains 'scary strong'.

AAPL, daily

AAPL, monthly


There is frankly nothing to add, for what remains one of the better companies out there.

Ohh, I almost forgot to note...

The mainstream chatter is now starting to seek the $200s... which seems a given if you believe in sp'3K in 2018.