Apple stock looks poised to break out of the consolidation pattern just in time for earnings on Monday. What will those earnings bring and how will the news move the stock? First - the move up suggests many are looking for a quality earnings report. Though, I wouldn't be surprised to see sellers on Monday.
I wouldn't buy Apple here - not at 130. There was a decent entry at 124 last week and I hope you caught that opportunity. Wait for earnings and a better spot to enter. I'm not a fan of buying at new highs.
My short term rating = HOLD
My long term rating = BUY
I wouldn't buy Apple here - not at 130. There was a decent entry at 124 last week and I hope you caught that opportunity. Wait for earnings and a better spot to enter. I'm not a fan of buying at new highs.
My short term rating = HOLD
My long term rating = BUY