Apple Outlook: Potential Retest Of All-Time Highs
Petros Steriotis | Oct 01, 2014 06:58AM ET
On Tuesday, Apple (NASDAQ:AAPL) opened with a gap up, staying over the psychological $100 mark. The MACD is still on a sell mode but the stock just needs a close above $101 to turn the technical picture into a positive. AAPL has been range trading between $98 and $103 in the last month and I guess that a breakout over resistance is the most possible scenario. The 50-day MA is offering critical support at 99 and as long as it stays intact, chances favor a re-visit of all-time highs for AAPL soon.
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