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Apple (AAPL) stock is trading around $468 after the company announced no pre orders for the iPhone 5s. Whether this is due to the lack of supply, this will be very bearish for the company going forward as they need as many sales as they can get. Apple (AAPL) will have strong support around $460 but then nothing until around $430. Apple (AAPL) is no longer a strong buy until the $430's.
I believe Apple (AAPL) will hit $600 before $400 but the recent bearish iPhone news can easily reverse this call.
Also see - Top Stocks 2014 - Top Stock Gainers 2013
