Apple Outlook: A New Closing Record

 | Nov 11, 2014 11:12PM ET

Apple Inc (NASDAQ:AAPL) closed at the day’s high, for a new closing record. The uptrend remains intact as long as price stays above $108. Bulls would like to see price break out above the recent 108-110 consolidation range. This is very likely given the general market bullishness.

AAPL, daily chart (3 months):