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Apple (AAPL) stock is trading in the mid $420's ahead of earnings on Tuesday. Apple (AAPL) will now need to break $433 or risk a correction back to $410. Recently, Raymond James upgraded Apple (AAPL) and gave a $600 price target on the stock. The firm thinks shares have bottomed and earnings will improve during the 2nd half of 2013. Apple (AAPL) will face strong resistance around $433 which is the 50 day moving average.
Apple (AAPL) is a strong buy below $400
I believe Apple (AAPL) will hit $500 before $300
Also see - Top Stocks 2013 - Top Stock Gainers 2013
