“Apple finally inked its much-anticipated deal with China Mobile to start offering iPhones on China Mobile’s massive network,” Jim Woods writes for ProfitableTrading.
“The holiday buzz, along with what I suspect is a realization that Wall Street simply became way too bearish on AAPL this summer, was the combination the smart money needed to send the stock breaking out of that $520 trading level and past the $570 mark,” Woods writes. “I suspect that if Apple enjoys strong holiday sales, then its current price will be just a stop along the road back toward the $700 mark.”
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