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Apple Inc (AAPL) Approaches New Upside Target of $227.13

By David Diaz

Apple Inc (NASDAQ:AAPL) has opened bullishly above the pivot of $221.97 today and has reached the first level of resistance at $224.10. Analysts will be watching for a cross of the next upside pivot targets of $227.13 and $232.29.

Over the past year, Apple Inc has traded in a range of $149.16 to $229.67 and is now at $224.92, 51% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.0%.

Apple Inc (NASDAQ:AAPL) defies analysts with a current price ($224.92) 12.8% above its average consensus price target of $196.06. The stock should discover initial support at its 50-day moving average (MA) of $205.58 and subsequent support at its 200-day MA of $183.53.

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 15.4%. We continue to monitor AAPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts apple inc

Ticker(s): AAPL