BMO capital initiates AAPL with Outperform
Thursday, October 04, 2007
Aaple shares are are falling today nearly2% at this moment after BMO capital initiates stock with an Outperform and a $182 price target. Looking at the daily chart, stock is trading in a clear Bullish Market with all indicators appointing for the same direction up. Stock is constantly making new highs with a respectable volume. At this moment and based on the chart above, stock should have some problems to move up more significantly due to the fact that have reached overbought conditions, so at this level selling pressure should increase for a possible pull back, however keep an eye on AAPL for a possible close above $158.
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.
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.
Labels: AAPL
