RealMoney: Apple Computer stock rally should last weeks or months

“Apple Computer (AAPL) hit an all-time high at $45 in February and pulled back in a deep correction. It found support in the low $30s and charged back to the high in July. The stock consolidated below that level for a month and then broke out seven bars ago. This is a legitimate rally that should yield an uptrend lasting weeks or months in duration,” Alan Farley writes for

“The stock is now pulling back in a bull flag pattern. Things could get a little choppy ahead of the Labor Day holiday, but it looks like a decline below $45 would mark a good entry price,” Farley writes.

Full article here.


  1. Apple stock has been making me money for five years. Lots of money in the last two. The shares I currently own were bought for the split-adjusted price of about $10 a share. I bought my G5 with the proceeds from a small sale of Apple stock.


Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.