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Everyone’s favorite technology company is also the largest company in the world. Apple (Nasdaq:AAPL) stock recently eclipsed the $500 mark and its valuation rose above $500 billion in the process.
Unlike many large companies, Apple is still a growth story as it continues to innovate and create new products. And even with its success in handheld electronics, its market share in the personal computer sector is around 10%.
I have been following the advance of Apple over the past several weeks in our Apple Watch Series. Although the shares looked ready to top on two occasions, the bears have yet to provide any prolonged pressure.
The lack of selling begs the question: how high can Apple go?
Today’s video analyzes a chart of AAPL. The recent rise has many investors scratching their heads. Many investors are also wondering when they can buy more shares. This video will show you how to trade the increase in AAPL, as well as another potential pullback. Will the iPad 3 be a sell-the-news event this week for AAPL stock?
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Jason Cimpl
Editor, TradeMaster Daily Stock Alerts
Washington, DC
Editor’s Note: Jason’s trading service, TradeMaster Daily Stock Alerts, just had another banner year. But recent optimism has him leaning bearish. Learn more by clicking here.