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Apple (AAPL) stock popped Tuesday after Carl Icahn announced that he took a long position in the stock. Apple (AAPL) will now have resistance up around $500. Apple (AAPL) will have strong support in the $450's. Apple (AAPL) is a strong buy below $420 but with Icahn on board, I doubt that price will be hit.
I continue to believe Apple (AAPL) will hit $500 before $300....a few months ago, there was a strong debate about this.
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