Apple continued it's solid trading week, rising over 3% to close at the week over 119 and approaching the 200 DMA. If the stock can get above the red-line, just as I said for the DOW, I believe new highs are quite likely.
The question for investors is it too late to jump on board before Apple releases earnings next Tuesday? I asked this question yesterday, but Apple did rally 3% today, making the stock a bit less of a bargain. To be sure, the stock is closing in on that line - my notes say buy below 125, preferably below 120. So, the time to jump on this stock might be now. Watch Monday morning for weakness to get an opportunity.
Short term rating = BUY
Long term rating = BUY
The question for investors is it too late to jump on board before Apple releases earnings next Tuesday? I asked this question yesterday, but Apple did rally 3% today, making the stock a bit less of a bargain. To be sure, the stock is closing in on that line - my notes say buy below 125, preferably below 120. So, the time to jump on this stock might be now. Watch Monday morning for weakness to get an opportunity.
Short term rating = BUY
Long term rating = BUY