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Apple Inc Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Apple Inc (NASDAQ:AAPL) traded today at a new 52-week high of $164.94. This new high was reached on below average trading volume as 4.8 million shares traded hands, while the average 30-day volume is approximately 39.5 million shares.

Over the past year, Apple Inc has traded in a range of $96.42 to $164.94 and is now at $164.61, 71% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Apple Inc (NASDAQ:AAPL) has potential upside of 0.1% based on a current price of $164.61 and analysts' consensus price target of $164.73. The stock should discover initial support at its 50-day moving average (MA) of $149.29 and subsequent support at its 200-day MA of $130.69.

Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.

SmarTrend recommended that subscribers consider buying shares of Apple Inc on July 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $150.68. Since that recommendation, shares of Apple Inc have risen 8.8%. We continue to monitor AAPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows apple inc

Ticker(s): AAPL