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  • Apple Continues To Yield Fruit Despite Market Decline 2 comments
    Jul 8, 2011 10:52 AM | about stocks: AAPL, NFLX, GOOG, AMZN
     Apple Inc.(NASDAQ:AAPL) is one of the rare leading stocks that has managed to trade into positive territory this morning. The leading tech stock is trading higher by $1.20 to $358.40 a share. Apple stock continues to lead the markets. The stock has rallied higher by $48.00 since its pivot low on June 20, 2011 when the stock traded as low as $310.50 a share. 

    Traders and investors must take note that the stock is very extended and overbought on the daily chart. After a strong surge on the daily chart, APPL stock will likely need to pullback or consolidate before moving higher. Traders must be cautious when trying to buy stocks at extended daily chart levels.

    Most leading technology stocks are trading sharply lower this morning. Google Inc.(NASDAQ:GOOG), Amazon Com Inc.(NASDAQ:AMZN), and Netflix Inc.(NASDAQ:NFLX) are all under selling pressure today. Traders must be careful when stocks become very stretched and extended. That is exactly what happened to all of the these leading technology names that are declining this morning.

    Nicholas Santiago
    InTheMoneyStocks.com
    Stocks: AAPL, NFLX, GOOG, AMZN
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    It will see $365 by Wednesday close, and pause for the rest of the week at that level. Buyers will then move the price up again the following week (7-18-11) due to earnings being released on Tuesday. The stock will touch $375 and then trade in the $355-$375 range for the rest of the month. That is unless Apple announces an upcoming announcement (new iPhone) and then the range is about $20 higher on both ends.
    9 Jul 2011, 11:54 AM Reply Like
  •  
    $365 will just barely test the all time high for Apple. This is a stock that has seen a lot of beating over the last 2 quarters despite great earnings. Traditionally AAPL performs much better in the second half of the year. I think it will continue to go up to 390 until earning release and then shoots to 400 - 410 post release.

    Announcing a new iPhone during an earning call is uncharacteristic of Apple. The will do it in Sept, when they also refresh the iPods. After all, their media events have even larger buzz than their earnings.
    10 Jul 2011, 11:19 PM Reply Like
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