• Return to Headlines

Apple Inc (AAPL) Breaks Through Resistance at $309.83

By Nick Russo

Shares of Apple Inc (NASDAQ:AAPL) opened today above their pivot of $308.93 and have already reached the first level of resistance at $309.83. Should the shares continue to rise, the resistance pivots of $310.96 and $312.99 will be of interest.

Apple Inc (NASDAQ:AAPL) defies analysts with a current price ($309.00) 36.6% above its average consensus price target of $196.06. The stock should discover initial support at its 50-day moving average (MA) of $284.19 and subsequent support at its 200-day MA of $228.62.

Over the past year, Apple Inc has traded in a range of $151.70 to $323.33 and is now at $309.00, 104% above that low. The 200-day and 50-day moving averages have moved 1.06% higher and 1.67% higher over the past week, respectively.

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: pivot alerts apple inc

Ticker(s): AAPL