Apple (AAPL) NewsBite - AAPL Trading Lower On News On New "iPhone Killer" From Verizon

Posted: Wednesday, October 28, 2009 1:39 PM EDT

Apple (NasdaqNM: AAPL) opened at $197.36. So far today, the stock has hit a low of $191.10 and a high of $198.02. AAPL is now trading at $193.57, down $3.80 (-1.93%). The stock hit its 52-Week high of $208.71 in last week and set its 52-Week low of $78.20 in January. Shares of Apple are trading lower today, and one of its Competitors, Verizon, announced a print ad blitz for its newest "iPhone" killer. Its newest product, the Motorola Droidis based on Googles Android operating system. Technical indicators for the stock are bullish and S&P gives AAPL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on AAPL the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 150 range. [ABR-Seven Summits Strategic Investments NewsBite]

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