Apple: Today's Close Suggestive Of Further Strength Tomorrow
Petros Steriotis | Oct 29, 2014 12:36AM ET
New record highs for Apple Inc (NASDAQ:AAPL) in Tuesday’s session. The daily trend is up as long as price trades higher than $103, which is the high end of the 98-103 range that prevailed during the last 2 months. Today’s close at the intraday high is suggestive of further strength during tomorrow’s opening hours. The recent breakout from the 98-103 range opens the door to $108, so we may see some profit-taking there. The stock is a bit overextended in the short term and may need to rest a bit before advancing further.
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