Apple (AAPL) NewsBite - AAPL Is On the Move

Posted: Thursday, October 29, 2009 10:55 AM EDT

Apple (AAPL) appears to be on the move today and is now at $194.98, up $2.58 (1.34%) on volume of 5,439,078 shares traded. Over the last 52 weeks the stock has ranged from a low of $78.20 to a high of $208.71. AAPL was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la102909 . Apple stock has been showing support around $186.92 and resistance in the $200.76 range. 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 December out-of-the-money bull-put credit spread below the 175 range. [ABR-Seven Summits Strategic Investments NewsBite]

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