Apple (AAPL)
Not only has $Apple(AAPL.US$ retaken its resistance level that had been support. the shares have also retaken their 50-day SMA and 200-day SMA. Should the stock hold the 200-day SMA foing into the weekend, professional momey managers will be pressured to add long-side exposure to this stock. I am long this name.
long-side exposure to this stock. I am long the stock.
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NYSE floor trader for over 30 years. Day trader, long-term investor, and anything in between.
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ChristWithinU : I am in the belief that Apple will continue to grow and stocks over time will rise. I have several levels of call options already but I have a question. do you feel that this could break the 190 resistance level and possibly hit 200 by June? lol. I am debating adding a 200 call option to expire near my birthday in June.
Invest with SargeOP : I definetly think that if the 200-day SMA is held that the negative period for this stock may have come to an end. $200 is possible. I wrote a piece today at TheStreetPRO if you are interested.