AAPL - jumps on superb earnings

Whilst the broader market saw a fair bit of minor price chop, there were strong gains for Apple (AAPL), having achieved superb earnings for Q4. AAPL settled +5.9% @ $115. Next target is the Nov' high of $119.. .which seems viable in the immediate term. There is viable Feb/March upside to the $125/130 zone.


AAPL, daily

AAPL, monthly

Summary

Without question, with earnings of $3 for Q4, sent AAPL justifiably higher.

Suffice to add.... the Nov' high of $119 looks set to be broken in the near term.. certainly by mid February.

With annual earnings of around $12.. .that makes for a PE of barely 10.. which is frankly bizarre. Longer term upside looks to well above $200.. before the giant paper/QE bubble from 2009 blows up.