Apple Inc. (AAPL) stock soared back into the $380's on Friday despite the news from Steve Jobs this week. This just goes to show you that the stock was already priced for this news. Apple Inc. (AAPL) recently reported blowout earnings in which the company earned over 7.3 billion dollars for the quarter. I own AAPL and will be holding it until at least January 2012. AAPL will have resistance at $400 which is right at the 52 week high. If we see a drop below $350, AAPL is a strong buy!
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Sunday, August 28, 2011
Apple Inc. (AAPL) Stock Analysis - 8/28/11
By Tim - http://stockstobuy.org
Apple Inc. (AAPL) stock soared back into the $380's on Friday despite the news from Steve Jobs this week. This just goes to show you that the stock was already priced for this news. Apple Inc. (AAPL) recently reported blowout earnings in which the company earned over 7.3 billion dollars for the quarter. I own AAPL and will be holding it until at least January 2012. AAPL will have resistance at $400 which is right at the 52 week high. If we see a drop below $350, AAPL is a strong buy!
Apple Inc. (AAPL) stock soared back into the $380's on Friday despite the news from Steve Jobs this week. This just goes to show you that the stock was already priced for this news. Apple Inc. (AAPL) recently reported blowout earnings in which the company earned over 7.3 billion dollars for the quarter. I own AAPL and will be holding it until at least January 2012. AAPL will have resistance at $400 which is right at the 52 week high. If we see a drop below $350, AAPL is a strong buy!