By: Scott Redler
If there is one stock I watch literally all the time, it’s AAPL. AAPL is consistently one of the strongest stocks in the market, and if you have the time and money to accumulate shares it is most always a compelling buy opportunity. When patterns set-up for us to identify a good area to buy it, we get even more excited.
Right now, I see a series of lower highs that might be tested soon. Some of my go-to tech stocks are already making new move highs (SNDK, VMW) and AAPL should be next. If this market continues to bounce, I feel AAPL can be bought on a break of the downtrend in the 252-254 area for a quick momentum move to 258-262, then eventually new highs for the year. Put your stops in at 246 if we trigger.
