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Shares of Apple Inc Rise Above Previous 52-Week High

By Shiri Gupta

Shares of Apple Inc (NASDAQ:AAPL) traded today at $250.88, breaking its 52-week high. Approximately 3.7 million shares have changed hands today, as compared to an average 30-day volume of 23.4 million shares.

Apple Inc. designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications.

Apple Inc (NASDAQ:AAPL) defies analysts with a current price ($250.56) 21.8% above its average consensus price target of $196.06. The stock should discover initial support at its 50-day moving average (MA) of $224.49 and subsequent support at its 200-day MA of $198.81.

Over the past year, Apple Inc has traded in a range of $142.00 to $250.88 and is now at $250.56, 76% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.3%.

SmarTrend is tracking the current trend status for Apple Inc and will alert subscribers who have AAPL in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows apple inc

Ticker(s): AAPL