• 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.
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  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1414274105 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

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

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