in two weeks. Simply, the bears have capitulated in this stock. A few have asked - when it a good time to get more money in - and I stated in the last post - 109 seemed 'fully valued' - I still maintain that - even with the recent run. When bears capitulate, I like to take a pause on a stock and let profit taking happen naturally.
It doesn't take a season chart watcher to see Apple is way above the blue line - the 50 DMA. The stock needs a return to the moving averages. Ironically, 109 could become the bottom end of a new range. We shall see how it forms, but I'd stress patience here. Just like I always say 'Don't catch a falling knife' - I don't like to buy a stock when it's making new highs every session. This is of course my opinion, which is derived from a portfolio view that is very conservative. If you have a less conservative balance - be my guest. Step on the Apple train.