user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 427178 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Apple Bullish Moving Average Crossover Alert (AAPL)

Published on Wed, 01/23/2013 - 12:07
By Mallory Stone

Apple (NASDAQ:AAPL) crossed over its 10-day moving average of $507.32 on a volume of 9.3 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

There is potential upside of 42.1% for shares of Apple based on a current price of $511.04 and an average consensus analyst price target of $726.21. The stock should find initial resistance at its 50-day moving average (MA) of $536.46 and further resistance at its 200-day MA of $593.83.

Over the past year, Apple has traded in a range of $419.55 to $705.07 and is now at $511.04, 22% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.5%.

Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Toronto-Dominion Bank: The Winning Strea...

Shares of Toronto-Dominion Bank (NYSE:TD) traded at a new 52-week high today of $53.49. ...

TravelCenters of America Looks to Contin...

Shares of TravelCenters of America (AMEX:TA) traded at a new 52-week high today of $11. ...

Shares of Sempra Energy Rise Above Previ...

Sempra Energy (NYSE:SRE) traded today at a new 52-week high of $105.32. This new high ...

Shares of Signet Jewelers Rise to a New ...

Signet Jewelers (NYSE:SIG) traded today at a new 52-week high of $117.42. Approximatel ...

Watch for Continued Gains in Shares of S...

Sherwin-Williams (NYSE:SHW) traded at a new 52-week high today of $218.79. This new hi ...

Watch for Continued Gains in Shares of S...

Shares of Service International (NYSE:SCI) traded today at $22.17, breaking its 52-week ...

Dr Reddys Laboratories: The Winning Stre...

Dr Reddys Laboratories (NYSE:RDY) traded at a new 52-week high today of $48.93. Approx ...

QEP Resources Looks to Continue to Trade...

QEP Resources (NYSE:QEP) traded today at a new 52-week high of $35.47. Approximately 5 ...