Where We're At
(NASDAQ:AAPL) Broke through the 50 day moving average on Friday. Volume was somewhat lackluster, clocking in well below the 20 day average. This happened only days after (AAPL) was able to break the downtrend its suffered from for the past few months.
What I'm watching for is a good follow through day. If we can get that, then we'll be looking good to test the next real resistance at the gap fill of $480. Judging from historical on (AAPL) I think we head to $480 before we earnings hit on April 23rd.
Disclosure: I am long AAPL.