“Apple might be reaching a key technical level and be about to help push stocks higher,” Barbara Kollmeyer reports for MarketWatch. “The iPhone maker has broken out of a cup-with-handle pattern, and the stock could now march to the $114 mark, according to Dragonfly Capital’s Greg Harmon.”
“He invoked the Ides of March and Apple, though some scoff at those Ides of March-markets type discussions,” Kollmeyer reports. “Harmon said the point of Ides is that it marks a ‘turning point in history,’ which he thinks Apple may be about to embark on.”
“If you haven’t been watching,” Kollmeyer reports, “Apple is pretty close toturning positive on a year-to-date basis.”
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MacDailyNews Take: Well, if the cup-with-handle pattern is broken…