Will Apple See Its Stock Rise?
T = Trends for a Stock’s Movement
Apple designs, manufactures, and markets mobile communication and media devices, personal computers, portable digital music players, and a variety of related software, services, peripherals, networking solutions, third-party digital content, and applications. The company’s products and services include the iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and further accessory, service, and support offerings. Apple also delivers digital content and applications through its iTunes, App, iBook, and Mac App stores.
Apple’s iPhone 5S and 5C went on sale Friday morning in 10 countries around the world including the U.S., China, Japan, and Australia. A CNET report from Apple’s Fifth Avenue store in New York seems to confirm rumors that supplies of the 5S, especially the gold version, will be limited, as customers who have been waiting outside the Manhattan Apple store for days still couldn’t get their hands on one of the devices.
T = Technicals on the Stock Chart Are Strong
Apple stock has struggled to make significant progress in the last several quarters. The stock is currently trading near recent breakout levels. Analyzing the price trend and its strength can be done using key simple moving averages. What are the key moving averages? The 50-day (pink), 100-day (blue), and 200-day (yellow) simple moving averages. As seen in the daily price chart below, Apple is trading above its rising key averages, which signals neutral to bullish price action in the near-term.