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Apple (AAPL) jumped nearly 2% on Monday as shares traded their first day post stock split. Trading at $93.70, AAPL is now up 17% in 2014 and up almost 50% in the past year. The Apple is doomed theory is a distant memory and shareholders are rejoicing.
So should you rush out and buy the stock right now? No doubt, the momentum is back and the trend is up but I wouldn't be buying Apple here. Wait until people give up on the company again and the stock drops a large amount. Other stocks like YELP & TWTR are just to attractive right now.
Apple (AAPL) will have support at $91.75, $91.08, and $89.81 with resistance up at $101.
Also see - Top Stocks 2014 - Top Stock Gainers 2014
