“The Apple magic appears to be back,” Stephanie Yang reports for CNBC. “Over the past five sessions, the tech giant has risen 7 percent.”
“And according to one technician, there’s a lot more upside ahead,” Yang reports. “‘The chart looks great — it’s quite bullish,’ technical analyst Rich Ross of Evercore ISI said Thursday on CNBC’s ‘Trading Nation.’ ‘The very-well-defined uptrend remains intact.'”
“In the short term, Ross expects Apple to rise to $144, and he believes the stock could ultimately reach $160. If Ross’ call plays out, Apple would easily surpass its all-time high of $134,” Yang reports. “Apple is set to report earnings on Tuesday.”
Read more in the full article here.
MacDailyNews Take: From your lips to Mr. Market’s ears.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]