Apple continued to rise towards the 200 DMA ahead of its earnings release next Tuesday. The 50 DMA's descent has stopped and if Apple can get a positive report next week, I think it will be poised to break from the trading range it's been trapped in for the last two months.
The question is, did you miss the train? I don't think you have. While the best prices near 100 are in the rear view mirror, 115 isn't expensive at all for this stock. Apple sports an absurdly low 13 P/E and a solid 1.8% dividend yield. Considering the cash horde on the balance sheet, this is a solid investment at the present pricing. I would be a buyer here.
Short term rating = BUY
Long term rating = BUY
The question is, did you miss the train? I don't think you have. While the best prices near 100 are in the rear view mirror, 115 isn't expensive at all for this stock. Apple sports an absurdly low 13 P/E and a solid 1.8% dividend yield. Considering the cash horde on the balance sheet, this is a solid investment at the present pricing. I would be a buyer here.
Short term rating = BUY
Long term rating = BUY