Apple All-Time Highs Could Be Revisted In December
Petros Steriotis | Dec 03, 2014 06:08AM ET
Apple(NASDAQ:AAPL) shares experienced their second consecutive day-to-day decline. Such a streak has not happened in more than one month now. The close was $114.63, the lowest close in two weeks. Some profit-taking or consolidation was to be expected after the recent 20% parabolic price increase. The short-term (daily) trend is down as long as price stays below $117.
I still believe that AAPL will have a decent performance in the month of December, before the current bull market runs out of steam. A re-visit of its all time highs in the $120 area can happen in the next few weeks.
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