“Apple Inc. stock has rallied more than 10% over a short time in the past,” Douglas A. McIntyre writes for 24/7 Wall St. “The most recent examples are October and November 2014 and February 2015.”

“Apple shares have fallen 11% since April,” McIntyre writes. “Good earnings could get that figure back to zero, or even better.”

“The consensus among Wall Street analysts is that Apple sold 40 million iPhones last quarter. Anything well above that would trigger a share rally,” McIntyre writes. “These figures from the earnings announcement mean only one thing can drive a rally of 10% or better.”

McIntyre writes, “Sales of the iPhone 6 family have to be impressively above expectations.”

Read more in the full article here.

MacDailyNews Take: Actually, importantly, iPhone SE counts toward iPhone unit sales, too.

As for stock price moves: Past performance is not necessarily an indication of future results.

Apple is ripe for a rally – July 25, 2016