Kilgore reports, “Kosar noted the stock had opened above key resistance at the $465-to-$470 level, which was the upper boundary of a sideways trading range the stock has been stuck in for the last six months. The bottom of that range was roughly $385 to $390. In addition, he said the stock was already trading above the 200-day moving average for the first time since Nov. 2, 2013 [sic: should be “2012″]. He said the next key resistance area is the $506-to-$522 range, which was previously strong support at the May and November 2012 lows. However, Kosar targets an eventual advance to $555.”
Read more in the full article here.
How Carl Icahn will accelerate Apple’s ascent – August 14, 2013
Billionaire Carl Icahn says Apple shares could trade at $700 with increased buyback program – August 13, 2013
Carl Icahn spells the end of an era at Apple; this is the end for the Apple that you knew and loved – August 13, 2013
Carl Icahn reveals large Apple position, reportedly over $1 billion; wants to see Apple increase stock buybacks – August 13, 2013
Apple stock goes vertical: The Carl Icahn effect – August 13, 2013