Not so fast. Let's look at the chart. Until Apple regains the red line in the sand of the 200 DMA- this rally can't be graded 'real' yet. Will that red line act as a roof or can the Apple bulls move the stock above that level once again? I'm skeptical - because this breakdown happened with a ferocity that doesn't make me think the bulls are in charge of the stock. Momentum players are fickle, yes and can return in a blink - but until the 200 DMA is below the price print - I'm not a believer in the short term.
That said - here are my current ratings.
Short term rating = BUY
Long term rating = BUY