“Ahead of Apple’s iPad event on Tuesday, a technical analyst says the tech giant’s stock soon could rally to a range of $545 to $570,” Victor Reklaitis reports for MarketWatch.
“Carter Braxton Worth, chief market technician at Oppenheimer Asset Management, makes this prediction based on Apple looking like a ‘bearish-to-bullish reversal buy,'” Reklaitis reports. “The ‘prospective completion’ of the pattern “implies a move to the $545-570 range” for Apple, he wrote in his note.”
Reklaitis reports, “When it comes to the stock market overall, Worth is holding to a bearish outlook that he’s expressed previously.”
Read more, and see the stock charts, in the full article here.