05-06-2013, 08:55 AM
I generally prefer fundamental analysis to technicals, but we are at a whole bunch of very big technical areas for AAPL.
if you look at the 1Y chart on Yahoo finance, and add in the 50 and 100 day moving averages, we are about to hit two big milestones (IF we break 463 today). First, the stock price will cross the 100 day SMA for the first time since October. Second, the sequence of lower lows and lower highs we've had since September (look at the descending peaks and troughs) will be broken.
That would be very significant, and would cause a lot of buyers to jump in. Stock could really take off, even though its already up $70 in a couple of weeks. Go Apple!
if you look at the 1Y chart on Yahoo finance, and add in the 50 and 100 day moving averages, we are about to hit two big milestones (IF we break 463 today). First, the stock price will cross the 100 day SMA for the first time since October. Second, the sequence of lower lows and lower highs we've had since September (look at the descending peaks and troughs) will be broken.
That would be very significant, and would cause a lot of buyers to jump in. Stock could really take off, even though its already up $70 in a couple of weeks. Go Apple!
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market