Apple, Inc. (AAPL) just hit a new all-time high on the heels of strong pre sales of its G4 iPhone and the recent success of the iPad. Shares of AAPL had been volatile with the overall market before stabilizing over the last month and rebounding from a key trend line that has been supporting prices since February. Moving forward, the old high and up trend should provide support on any weakness. The MACD below the chart is looking bullish too, take a look below.
As long as we’re on the topic of new highs, let’s go ahead and take a look at Dollar Tree, Inc., (DLTR), which recently hit a new all-time high of its own after bouncing from a key trend line that has been in play since shares gapped higher on a Q4 earnings surprise from late February. We should see support from the old high and the trend line here as well, much like the formation we see in AAPL. Take a look below.
