Taking a Bite out of Apple
For detailed analysis and commentary, see original blog post published here: syncubate.com/blog/2014/11/27/taking-a-bite-out-of-apple
Since the week of 10/13, when AAPL traded as low as $95.18, the stock is up nearly $25, having hit an all time high of $119.75 on 11/25. Yesterday, AAPL closed at $119, its highest daily close ever, and the company's market capitalization is now upwards of $700 billion USD.
The last six weeks of trading have been positive, and of the last nine weeks, we have only witnessed one red week in which selling pressure from the bears exceeded buying interest from the bulls. To put the uniqueness of this occurrence in perspective, the closest similarity we could trace goes back nearly three years.
For more analyses, see our blog here: syncubate.com
Since the week of 10/13, when AAPL traded as low as $95.18, the stock is up nearly $25, having hit an all time high of $119.75 on 11/25. Yesterday, AAPL closed at $119, its highest daily close ever, and the company's market capitalization is now upwards of $700 billion USD.
The last six weeks of trading have been positive, and of the last nine weeks, we have only witnessed one red week in which selling pressure from the bears exceeded buying interest from the bulls. To put the uniqueness of this occurrence in perspective, the closest similarity we could trace goes back nearly three years.
For more analyses, see our blog here: syncubate.com
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