PredictWallStreet - The Stock Prediction Community

News Story

Apple (AAPL) Approaches New Upside Target of $141.40

Mar 20, 2017

Mar 20, 2017 (SmarTrend(R) News Watch via COMTEX News Network) -- Shares of Apple (NASDAQ:AAPL) have bullishly opened above the pivot of $140.29 today and have reached the first resistance level of $140.70. Investors may be interested in a cross of the next upside pivot targets of $141.40 and $142.51.

Potential upside of 3.4% exists for Apple, based on a current level of $140.45 and analysts' average consensus price target of $145.29. The stock should find initial support at its 200-day moving average (MA) of $108.75 and further support at its 50-day MA of $104.04.

Apple share prices have moved between a 52-week high of $141.02 and a 52-week low of $89.47 and are now trading 57% above that low price at $140.45 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Apple on November 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $111.91. Since that recommendation, shares of Apple have risen 25.1%. We continue to monitor AAPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

Copyright, Comtex News Network, Inc. 2017

SOURCE: Comtex

Tweet Radar

-ALLSYMB- CHK FB IDXX MU PULM SNAP
Scroll over any stock symbol to predict whether that stock’s value will go up or down and to view other valuable community sentiment content.

Click on any stock symbol to see what people are tweeting about it.

Make a Prediction

Find & Follow
Top Predictors

Join Contests