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Shares of Apple Inc Has Risen Above Previous 52-Week High

By Nick Russo

Shares of Apple Inc (NASDAQ:AAPL) traded today at $214.63, breaking its 52-week high. So far today approximately 7.1 million shares have been exchanged, as compared to an average 30-day volume of 24 million shares.

In the past 52 weeks, Apple Inc share prices have been bracketed by a low of $149.16 and a high of $214.63 and are now at $214.58, 44% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.8%.

Apple Inc (NASDAQ:AAPL) is currently priced 8.6% above its average consensus analyst price target of $196.06. The stock should discover initial support at its 50-day moving average (MA) of $193.74 and subsequent support at its 200-day MA of $179.18.

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 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $191.53. Since that recommendation, shares of Apple Inc have risen 11.4%. 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