Apple: Hovering Around All Time Highs

 | Oct 28, 2014 05:47AM ET

Apple Inc (NASDAQ:AAPL) hovered around all time highs on Monday’s session. The daily trend is up as long as price trades higher than $101. There is also support at the high end of the 98-103 range of the last 2 months. The recent breakout from this range opens the door to $108. The stock is a bit overextended in the short term and may need to rest a bit before advancing further.