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Apple (AAPL) rallied back above $550 on Tuesday as the massive rally off the bottom continues. Shares of Apple (AAPL) are now higher by 12% off the low. Apple activated a large portion of their buyback when the stock dropped near $500 three weeks ago. With Carl Ichan buying as well, shorts have been running for cover as their plan to cover near the 200 day moving average has failed. Apple (AAPL) will now have support at $540 and resistance up at $557.
Also see - Top Stocks 2014 - Top Stock Gainers 2014
