Apple (AAPL) NewsBite - AAPL Is On the Move
Posted: Monday, February 08, 2010 10:29 AM EDT
By: Market Intelligence Center Staff
Apple (AAPL) appears to be on the move today and is now at $196.79, up $1.33 (0.68%) on volume of 4,565,763 shares traded. Over the last 52 weeks the stock has ranged from a low of $82.33 to a high of $215.59. AAPL was covered in a was covered in a Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw020810 . Apple stock has been showing support around $188.95 and resistance in the $199.25 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 March out-of-the-money bull-put credit spread below the 175 range. [ABR-Seven Summits Strategic Investments NewsBite]
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