AAPL, daily
Summary
Suffice to say, AAPL remains extremely under-valued relative to the main market.
Baring a major break lower in the indexes - and that seems only viable if QE is terminated by the Fed at the next FOMC of June'19, AAPL looks set to break back into the 500s this June.
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How AAPL copes when/if it hits the 200 day MA will be VERY illuminating for both AAPL..and the broader market. A few weeks above $550, and then the question would become 'Can AAPL take out the Sept'2012 high of of the $700s?'.
The wider economy being considered, I'd have to think the answer to that is ...No!
