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Watch for Shares of Apple (AAPL) to Approach Resistance at $145.29

By Nick Russo

Shares of Apple (NASDAQ:AAPL) opened today above their pivot of $142.99 and have already reached the first level of resistance at $143.78. Should the shares continue to rise, the resistance pivots of $145.29 and $147.59 will be of interest.

Apple (NASDAQ:AAPL) has potential upside of 0.4% based on a current price of $144.74 and analysts' consensus price target of $145.29. Apple shares have support at the 200-day moving average (MA) of $108.75 and additional support at the 50-day MA of $104.04.

Apple share prices have moved between a 52-week high of $156.65 and a 52-week low of $89.47 and are now trading 62% above that low price at $144.74 per share. The 200-day and 50-day moving averages have moved 0.66% lower and 0.14% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Apple. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Apple in search of a potential trend change.

Keywords: pivot alerts Apple

Ticker(s): AAPL