“Apple shares have remained relatively quiet over the past four months, trading in a 10 percent range from low to high,” Alex Rosenberg reports for CNBC. “By comparison, Apple shares traded in a 25 percent range in the four months prior, and a 15 percent range in the four months prior to that.”
“And according to Rich Ross of Evercore ISI, Apple’s relative quiescence of late points to further gains for the tech giant,” Rosenberg reports. “Apple’s run has been ‘defined by periods of consolidation followed by a surge higher, then another period of consolidation, then yet another surge,’ said Ross. ‘I think history is likely to unfold, once again, in that same fashion.'”
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MacDailyNews Take: Those who learn from history can profit from its repetition?
One thing we’ve learned about AAPL is that pretty much anything can happen.