AAPL new 52 week high
Saturday, May 19, 2007
Chart courtesy of stockcharts

AAPL shares were up 0.53% or 0.58$ to 110.02, reaching during the intraday session a new 52 week high at 110.64$. The daily chart show a continuation of the trend with MACD and RSI in the Bullish areas, the stock is in a strong bull market with both 50 day and 200 day moving average going up, however in overbought conditions. Indicators are all in favor of Bulls with K line above D line and MACD back above 0. In addition stock is trading above 50 dma and 200 dma = Bullish Mode. Let's see if stock will sustain next week this movement.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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posted by Pro Investor Trader at 6:35 AM | Permalink


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